Revenues are normally recognized when the company transfers promised goods or services in the amount the company expects to receive. The amount recorded is the cash-equivalent sales price. The following transactions occurred in September:

1. A popular ski magazine company receives a total of $13,045 today from subscribers. The subscriptions begin in the next fiscal year. Answer from the magazine company's standpoint.
2. On September 1 of the current year, a bank lends $2,400 to a company; the note principal and $288 ($2,400 12 percent) annual interest are due in one year. Answer from the bank's standpoint.
3. Fucillo Automotive Group (offering a wide variety of car and truck brands) sells a Ford F-150 truck with a list, or sticker, price of $20,150 for $19,150 cash.
4. Macy's department store orders 1,180 mens shirts for $23 each for future delivery from PVH Corp., manufacturer of IZOD, ARROW, Van Heusen, Calvin Klein, and Tommy Hilfiger apparel. The terms require payment in full within 30 days of delivery. Answer from PVH Corp.'s standpoint.
5. PVH Corp. completes production of the shirts described in (d) and delivers the order. Answer from PVH's standpoint.
6. PVH Corp. receives payment from Macy's for the events described in (d) and (e). Answer from PVH's standpoint.
7. A customer purchases a ticket from American Airlines for $640 cash to travel the following January. Answer from American Airlines's standpoint.
8. Ford Motor Company issues $21.8 million in new common stock.
9. Michigan State University receives $18,710,000 cash for 74,000 five-game season football tickets.
10. Michigan State plays the first football game referred to in (i).
11. Precision Builders signs a contract with a customer for the construction of a new $1,600,000 warehouse. At the signing, Precision receives a check for $210,000 as a deposit on the future construction. Answer from Precision's standpoint.
12. A customer orders and receives 17 personal computers from Dell; the customer promises to pay $8,900 within three months. Answer from Dell's standpoint.
13. Sears, a retail store, sells a $180 lamp to a customer who charges the sale on his Sear's credit card. Answer from Sears's standpoint.

Required:

For each of the transactions, if revenue is to be recognized in September, indicate the revenue account title and amount. (If revenue is not recognized choose "None". Round "Interest revenue" answer to 2 decimal places.)

Options for Revenue Account Affected:

Revenue Account Affected Amount of Revenue Earned in September a: b d e f g h i j k | m