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ual Homework #2 rio #1: Gangnam Style (6 points) m Style distributes high-quality equipment and Page 2 of 13 h-quality equipment e. and supplies to

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ual Homework #2 rio #1: Gangnam Style (6 points) m Style distributes high-quality equipment and Page 2 of 13 h-quality equipment e. and supplies to dance clubs and entertainment venues " On November 28, 2018, Gangnam Style recelved sequencer and ancillary equipment and suppilies. an order from the Psy Dance Factory for a lighting After researching the availability and cost of the equipment and suppiles Gangnam Style met with the lead DJ from the Psy Dance Factory negotiated a total selling price, delivered and installed, of $3z5,u on December 4, 2018 and On December 6, 2018, Gangnam supplies from the manufacturer at a total cost of $138,500 due in 30 days. the sequencer am Style ordered the sequencer and the related-equipment and On December 13, 2018, Gangnam Style received delivery manufacturer with an invoice in the amount of $138,500 due in 30 days. * of the equipment and supplies from the 20, 2018, Gangnam Style incurred $32,450 in costs to modify the sequencer to the On December 26, 2018, Gangnam Style delivered and installed the sequencer and the related- specifications of Psy Dance Factory equipment at the Psy Dance Factory and submitted an invoice to the club for the negotiated selling price of $325,600. On January 25, 2019, Gangnam Style received a check from the Psy Dance Factory in the amount of $325,600 to settle the balance due on the order. On January 28, 2019, Gangnam Style issued a check to the manufacturer in the amount of $138,500 as payment in full for their cost. . (1 point each 4 points) Date: Identify the exact date on which Gangnam Style recorded Amount: a) revenue from the sale to the Psy Dance Factory according to GAAP and indicate the amount of the revenue recorded. Date: Identify the exact date on which Gangnam Style recorded an b) expense from the sale to the Psy Dance Factory according to Amount GAAP and indicate the amount of the expense recorded. SUPPORTING COMPUTATION REQUIRED

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