On january 5, merkel inc. purchases office equipment for its new branch office from norbert company. merkel requests that the equipment be delivered after the renovation of the branch location is completed. on may 1, merkel informs norbert that it wishes delivery as soon as possible. the equipment is delivered on may 4. on what date should norbert recognize the related revenue?

Mesa company produces wooden rocking chairs. the company has two production departments, cutting and assembly. the wood is cut and sanded in cutting and then transferred to assembly to be assembled and painted. from assembly, the chairs are transferred to finished goods inventory and then are sold.mesa has compiled the following information for the month of february: cutting department assemblydepartmentdirect materials $ 73,000 $ 13,000direct labor 73,000 108,000applied manufacturing overhead 159,000 171,000cost of goods completed and transferred out 233,000 255,000required: 1, 2, 3, & 4. prepare journal entries for the transactions in the cutting and assembly departments of mesa company. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)