E3-3 Identifying Accrual Basis Revenues [LO 3-1, LO 3-2] to the revenue recognition principle, revenues should be recognized when they are eaned, ns when the company performs acts promised to the customer. For most businesses, this condition is met at the point of delivery of goods or services. The following transactions occurred in September: Required: For each of the transactions, if revenue is to be recognized in September, indicate the amount. Amount Activity A customer paid $20 cash for 20 song files from Apple's iTunes store. Answer from Apple's standpoint. a. Home Deot prowiged a carped instalation for $3,00 cash. A comparabe nstaiaton AT&T is scheduled to install digital cable at 1,200 Austin area homes next week. The installation. Answer from AT&T's standpoint. c. installation charge is $140 per home. The terms require payment within 30 days of d. AT&T completed the installations described in (c). Answer from AT&Ts standpoint. e. from AT&Ts standpoint. AT&T received payment from customers for the installations described in (c). Answer A customer purchased a ticket from American Airlines in September for $960 cash to travel in December. Answer from American Airlines' standpoint