The organization is BRAD-LEE TECH (BLT), a 4-year college which uses the accrual method during its fiscal year-July 1, 2020 to June 30.2021. Determine if revenue or expense will be Problem #3 - Recording Revenue or Expense (18 Points) recorded in AUGUST OF 2020. Place the best letter on the appropriate line. R-Revenue E-Expense N-None of these. August 10, 2020. 1. Machinery was repaired in June of 2020. The bill received on June 23, 2020 is paid on 2. BLT collects money throughout August of 2020 for a concert featuring Garth Joel, a very popular performer, scheduled for February 2021. 3. Tuition money for the month of August at BLT is all collected in August of 2020. 4. Property insurance bill for one year (i.e., August 1, 2020 to July 31, 2021) is paid on August 1, 2020. 5. BLT basketball team is ranked very high in pre-season polls released on August 28, 2020. The BLT athletic director contacts a private charter airline about the availability of their aircraft in March of 2021. 6. BLT's controller decides to reflect bad debt expense for tuition for the 2020-2021 fiscal year in the August 2020 financial statements. 7. BLT acquires a state-of-the-art 3-D printer on August 15, 2020. A down payment is made on August 15, 2020. The remainder of the amount owed will be paid in January 2021 following collection of the second semester tuition. 8. Ford Motor Company stock that is part of BLT's endowment pays a dividend to BLT on August 10, 2020 9. BLT collects an account receivable from a June 2020 sale in their bookstore