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please answer a-c Problem 3 (15 points) For each of the transactions, if revenue is to be recognired in October, Year 1, indicate the revence
please answer a-c
Problem 3 (15 points) For each of the transactions, if revenue is to be recognired in October, Year 1, indicate the revence account title and amount. If revenue is not to be recognized in October, explain why. (a) The Firm sells a truck with a list, or "sticker," price of $50,100 for $45,000. (b) A cusomter orders and receives 50 laptops from the Firm; the customer promises to pay 575,000 within two months. (c) The Firm issues 520 million in new common stock. Rroblem 3 (15 polnts) (a) Type the account and dollar amount if any for case (a) in boxes of the table below. nolude bere if you want to further explain your work (optional): (b) Type the account and dollar amount if any for case (b) in boxes of the table below. (c) Type the account and dollar amount if any for case (c) in boxes of the table below. weruor uremu you want to iuther explain your work (optional) Step by Step Solution
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