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Requirements: Perform step one of the revenue recognition model and identify the contract{s} with the customer. By reference to the applicable accounting literature, provide a

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Requirements: Perform step one of the revenue recognition model and identify the contract{s} with the customer. By reference to the applicable accounting literature, provide a detailed analysis to support your conclusion. Perform step two of the revenue recognition model and identify the performance ohligation{s] in the contracs]. By reference to the applicable accounting literature, provide a detailed analysis to support your conclusion. Record any required journal entries as of the date of receiving the signed contract. Prepare any required \"T\" accounts

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