You are reviewing the accounting records of Buddy's Foreign Automotive, owned by Bruce Jones. You have uncovered the following situations. Required: a) List the appropriate accounting principle or assumption related to each independent scenario and b) suggest a correct action for each. 1. In August, a check for $1,100 was written to Community Sports. This amount represents soccer camp for his daughter Cassie. 2. Customer Sandy Lane paid $2,500 to Buddy for a major repair service. The amount was recorded by Buddy as revenue. The parts for the repair must be ordered from overseas and the service won't be complete until the following month.