intermediate Accounting

A17 6 D B Question Two Decibull Audio Systems signed a contract with Chester A. Arthur Middle School to provide DJ services for monthly school dances over the next year. At time of the contract's signing, Chester A. Arthur transferred advanced payment in full of $3,000 to Decibull Audio Systems. Record Decibull's journal entries for the following events and transactions over 2 the contract's life: 3 Part One On January 1st, Decibull Audio Systems recorded the signing of the contract and the receipt 4 of advanced payment of $3,000 in full. 5 6 7 8 9 Part Two On January 31st, Decibull Audio Systems provided DJ services for the first of twelve monthly dances at the middle school and recognized revenues earned by meeting this 10 performance obligation. 11 12 13 14 15 Part Three On February 28th, Decibull Audio Systems provided DJ services for the second of twelve monnthly dances at the middle school and recognized revenues earned by meeting this 16 performance obligation 17 18 19 PiT (Down Payment) Revenue over Time Expected Value Stand Alone