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Identify and explain when each of the following companies should recognize revenue for the sales of...

Identify and explain when each of the following companies should recognize revenue for the sales of their products:

A. Tractor Supply Co. is a retail store that sells products with a 30-day period of right of return.

B. United Airlines sells airplane tickets for the current and upcoming year.

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Identify and explain when each of the following companies should recognize revenue for the sales of their products:
A. Tractor Supply Co. is a retail store that sells products with a 30-day period of right of return.
Sales will be recorded when the invoice is made and when the contract is done. So sales will be recorded in the current year.
B. United Airlines sells airplane tickets for the current and upcoming year.
Airplane tickets for the current year is to be recorded in the current year.
Airplane tickets for the upcoming year is to be recorded in the next year. Current year will recorded as unearned income.
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