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According to the revenue recognition principle, revenues should be recognized when or as the company performs acts promised to the customer. For many businesses, this

According to the revenue recognition principle, revenues should be recognized when or as the company performs acts promised to the customer. For many businesses, this condition is met at the point of delivery of poods or services. The following transactions occurred in September:
f) A customer paid $100 for groceries at Wal-Mart
g) A contractor did $4,000 in work for a customer, the customer was billed but has not paid as of September 30.
h) A customer purchased tickets for a concert that is to be held on October 15.
i) A landscaping company accepted payment of $300 to provide services to a customer for the months of September, October and Novernber
j)1,000 customers prepaid $70 for a video game that releases in November
For each of the transactions, if revenue is to be recognized in September, indicate the amount. If revenue is not to be recognized in September, explain why.
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