Com Revenue Recognition Model Cass Company enters into a contract with Dearborn Inc. to six goods with delivery on May 10, 2019. Cass manufactured the goods at a cost of $33,000. The on April 15, 2019, at which time Dearborn pays Cass $25,000. Cass delivers the goods on Mayil Cass pays the final $25,000 on that date. Required: 1. On what date does a contract exist between Cass and Dearborn? 2. What are Cass's performance obligations in the contract? 3. What is the transaction price? - Does this transaction price need to be allocated? - Prepare Cass's journal entries related to the contract with Dearborn. A seller orally agrees with one of its best customers to deliver goods in exchange for $10,0. seller's practice is to obtain a written sales agreement, the seller delivered these goods to the can without a written agreement due to the customer's urgent need. A seller agrees to provide accounting services to a customer for the next year in exchange for the two parties are negotiating the terms of the agreemi seller begins to perform