Primary Task Response:Within the Discussion Board area write 400 600 words that

Primary Task Response:Within the Discussion Board area write 400 600 words that respond to the following questions with your thoughts ideas and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear and use examples to reinforce your ideas.You are the accountant for Jolly Fitness a health club. The business owner is concerned about low revenue. There are 3 situations related to this club:Because of low revenue the business owner is looking for some business loans to finance these transactions. He asks you his accountant to go ahead and recognize the revenue related to the membership dues the revenue from the coupon books sold and the machines that have been sold as well. You are concerned because you know that this is against GAAP principles.