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Identify when revenue should be recognized in each of the situations. a. b. . Southwest Airlines sells you an advance-purchase airline ticket in September for

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Identify when revenue should be recognized in each of the situations. a. b. . Southwest Airlines sells you an advance-purchase airline ticket in September for your flight home in December Ultimate Electronics sells you a home theater on a "no money down and full payment in three months" promotional deal. The Toronto Blue Jays sell season tickets online to games in the Skydome. Fans can purchase the tickets at any time, although the season doesn't officially begin until April. The major league baseball season runs from April through October RBC Financial Group loans money on August 1. The loan and the interest are repayable in full in November In August, a customer orders a sweater from the Target website, paying with a Target credit card. The sweater arrives in September. Target sends a bill in October and receives payment in October d. e. Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly. (If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Identify when revenue should be recognized in each of the situations. a. b. . Southwest Airlines sells you an advance-purchase airline ticket in September for your flight home in December Ultimate Electronics sells you a home theater on a "no money down and full payment in three months" promotional deal. The Toronto Blue Jays sell season tickets online to games in the Skydome. Fans can purchase the tickets at any time, although the season doesn't officially begin until April. The major league baseball season runs from April through October RBC Financial Group loans money on August 1. The loan and the interest are repayable in full in November In August, a customer orders a sweater from the Target website, paying with a Target credit card. The sweater arrives in September. Target sends a bill in October and receives payment in October d. e. Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly. (If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

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