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please help with all 3 problems (1,2,7) Fot each of the following separate stuations, determine how much revenue is recognized in December (using accrual basis
please help with all 3 problems (1,2,7)
Fot each of the following separate stuations, determine how much revenue is recognized in December (using accrual basis accounting). a. On December 7, Oklahoma City Thunder sold a $122 ticket to a basketball game to be played in March. b. Tesla sold and delivered a $90,000 car on December 25 . The customer will not pay until February c. Deloitte signs a contract on December 1 to provide 40 days of advisory services with receipt of 542,000 due at the end of the contract. On December 31,75% of the servici 7 have been completed. Prepare Wilson Trucking Company's classified balance sheet as of December 31 . The Retained Eamings account balance was $145,500 at December 31 of the prior year. On December t, Year 1, a company paid an $18,900 premium on a 36-month insurance policy for coverage beginning on that date. Refer to that policy and fill in the blanks in the following table. (1) Required intormation Required information [The following information applies to the questions displayed below] The following adjusted trial balance at December 31 of Wilson Trucking Company. Prepare Wilson Trucking Company's classified balance sheet at of December 31 . The Retained Earnings account balance was $145,500 at December 31 of the prior year
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