Take the spread to their advantage to get more mainstream and known
 
        
             
        
        
        
The correct answer is $300,000.
The company will report the actual amount of the sale - $300,000. The cost of goods sold is subtracted from the net sales on the income statement at the end of the fiscal period.
 
        
             
        
        
        
Answer:
$6,450
Explanation:
The general ledger of a cash account is presented below:
                                             Cash Account
Date     Particulars           Amount        Date     Particulars           Amount
April 1    Beginning                                 April 16  Rent expense     $460
              Balance               $3,850
April 3  Service                                      April  20   Salaries and
             Revenue              $3,400                         Wages expense $340
                                                                April 30  Ending balance   $6,450
The ending  balance would be
= Beginning balance + service revenue - rent expense - salaries and wages expense
= $3,850 + $3,400 - $460 - $340
= $6,450
 
        
             
        
        
        
The realisation principle indicates that the revenue from these ticket sales should be recognised in the period in which the Wine tasting is held.
Explanation:
It complies with Revenue Recognition Accounting Policy 9. It will be a burden for the organization, until the moment services are provided for which the money is taken.
Revenue recognition is a GAAP which defines the specific conditions under which revenue can be recognized. Revenue recognition is a generally accepted concept of accounting. In fact, when the crucial event happened, profits are remembered and the value of the profit for the company is tangible.
For Example, when a product is sold, the profit accounting is relatively straightforward, and the customer pays the products. Nevertheless, the fact that a company takes a long amount of time to manufacture a commodity will confuse accounting. Consequently, there are a number of situations in which the concept of acknowledgment of profit may be excepted.
 
        
             
        
        
        
C. Future value of a series of deposits
It is not B, because although Future Value of a Single Amount (FV) is similar, it is only when you deposit a certain amount one time and let it grow in value. 
Your question says they deposit money more than once, so it is C.