Allstar Inc. sells uniforms and spirit clothing to local school teams. Allen High School placed. an order for 75 items for a total selling price of $3,300 on September 14, 2020. The cost of the merchandise to Allstar Inc. is $1,673. To place the order, Allstar Inc. required a $750 down payment on September 14, 2020. Delivery of the order to Allen is completed on October 7, 2020, at which time the remaining balance was collected from Allen. a. Demonstrate the five steps of the revenue recognition process for this scenario. Description of revenue recognition step Application of the revenue recognition step Step 1 Step 2 Step 3 " Calculation of transaction price: Step 4 Step 5 " b. Record Allstar's entry on September 14, 2020. Cash Account Name Dr. Cr. 0 0 0 0 c. Record Allstar's entries on October 7, 2020. Account Name Dr. Cr. Cash 0 0 Commission Revenue 0 0 Sales Revenue 0 0 To record the sale of product. Cost of Goods Sold Inventory 0 0 0 0 To record the cost of sale of product 44