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For each of the transactions, if revenue is to be recognized in October, Year 1 , indicate the revenue account title and amount. If revenue
For each of the transactions, if revenue is to be recognized in October, Year indicate the revenue account title and amount. If revenue is not to be recognized in October, explain why.
a Ralph Lauren Corporation completes production of the shirts previously ordered men's shirts for $ each and delivers the order. Answer from Ralph Lauren's standpoint.
b On October Year a bank lends $ to a company; the note principal and annual interest are due in one year. Answer from the bank's standpoint.
c A customer purchases a ticket from Northwest for $ cash to travel the following January. Answer from Northwest's standpoint.
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