The following independent situations require professional judgment for determinine when to recognize revenue from the

transtactions.

Determine when revenue should be recognized in each of the below situations.

a$.$ Southwest Airlines sells you an advance$-$purchase airline tickat in September for

your flight home in December.

b$.$ Ultimate Electronics sells you a home theater on a $"$no money down and full

payment in three months" promotional deal.

c$.$ The Toronto Blue Jays sell saason tid ac online to games in the Sloydome. Fans can

purchase the tickats at any time, a though the season doesn't official y begin until

April. The major league basaball season runs from April through Oetober.

d$.$ REC Finarcial Grouploans money onAugust $1.$ The loan and the interest are

repayable in full in Novamber.

a$.$ In August, a customer orders a sweater from the Sears wabsite using a Saars credit

card. The sweater arrives in September. Sears sends a bill in October and recaives

paymant in October.