The assignment is for Accounting 620A (Financial Report) class.
All the requirements are written in the attached files.
It’s basically analzying 5 steps of revenue recognition standards.
Steps 1 through 4 is done(I included in the attached file) and you can just look at it and see if it’s correct and you will work on the step 5 which is Recognizing revenue when the entity satisfies a performance obligation. In step5, you need to add journal entries. You need to discuss how (at one time or over a period of time)
and when revenue is recognized for each performance obligation.
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