For each of the following separate situations, determine how much revenue is recognized in December $($using accrual basis accounting$)$ and record the journal entry.

a$)$ On December $7,$ Oklahoma City Thunder sold a $$90$ ticket to a basketball game to be played in March.

Points Possible:

Revenue Recognized in December: $1$

Date General Ledger Account Debit Credit

Dec. $7$ Cash

$5$

b$)$ Tesla sold and delivered a $$58,000$ car on December $25.$ The customer will not pay until February.

Revenue Recognized in December: $1$

Date General Ledger Account Debit Credit

$5$

c$)$ Deloitte signs a contract on December $1$ to provide $40$ days of advisory services with receipt of $$10,000$ due at the end of the contract. On December $31,75\%$ of the services have been completed.

Revenue Recognized in December: $1$

Date General Ledger Account Debit Credit

Dec. $1$

$4$

Debit Credit

Dec. $31$