Revenues are normaly recogued when company transfers promised goods or services rh the amount he company expe to receve. The amours recorded the cash-equrvalent sales price. The following a. A popular ski magazine company receives a total of $12,245 today from subscribers. The subscriptions begin in the next fiscal year. Answer from the magazine company's standpoint b. On September 1 of the current year, a bank lends $2,800 to a company, the note principal and $336 ($2,800 12 percent) annual interest are due in one year. Answer from the bank's standpoint 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 $20,050 for $19,050 cash, d. Macy's department store orders 1,200 men's shirts for $26 each for future delivery from PVH Corp., manufacturer of 1Z0D, ARROW, Van Heusen, Calvin Klein, and Tommy Hifiger apparel. The tarms require payment in full within 30 days of delivery. Answer from PVH Corp's standpoint e. PVH Corp. completes production of the shirts descibed in (d) and delivers the order. Answer from PVH's standpoint. f. PVH Corp. receives payment from Macy's for the events desonbed in (d) and (o). Answer from PVHs standpoint A customer purchases a ticket from American Airlines for $650 cash to travel the following January. Answer from American Ainines's standpoint. Ford Motor Company issues $20.9 million in new common stock Michigan State University receives $18,540,000 cash for 86,000 five-game season football tickets Michigan State plays the first football game referred to in () k. Precision Builders signs a contract with a customer for the construction of a new $1,690,000 warehouse. Al the signing, Precision receives a check for $191,000 as a deposit on the future construction. Answer from Precision's standpoint L A customer orders and receives 11 personal computers from Delt the customer promises to pay $9,400 within three months. Answer from Deii's standpoint m. Sears. retail store, seis a $300 lamp to a customer whocharges the sale on his Sears oodit card. Answer bom Sears's standpoint. Required: For each of the transactions, if revenue is to be reoognized in September, indicate the revenue account title and amount. If revenue is not recognized choose "None". Round Interest revenue" answer to 2 decimal places.)