Identifying Customer Control and Recording Advance Payment Allstar Inc. sells uniforms and spirit clothing to local school teams. Allen High School placed an order for 80 items for a total selling price of $3,520 on September 14, 2020. The cost of the merchandise to Allstar Inc. is $1,784. To place the order, Allstar Inc. required an $800 down payment on September 14, 2020. Delivery of the order to Allen is completed on October 7, 2020, at which time the remaining balance was collected from Allen. a. Demonstrate the five steps of the rever Description of revenue recognition Step 1 Identify the contract. Step 2 Identify the performance obligation(s) Step 3 Determine the transaction price. Step 4 Allocate the transaction price to the pe Step 5 Recognize revenue when the perform. Support b. Record Allstar's entry on September 14 Account Name Dr. Cash 800 Due from Consignee 0 c. Record Allstar's entries on October 7, 21 Account Name Dr. Cash 0 0 0 Sales Revenue To record the sale of product. 0 0 To record the cost of sale of product. Please answer all parts of the question. Sunnort