Which date would executive lawn record cash-basis accounting

Assignment Help Finance Basics

Reference no: EM131519623

Question: 1. Consider the information in question 2. Using cash-basis accounting, on which date would Executive Lawn record the $100 revenue for each scenario?

2. Executive Lawn provides $100 of landscape maintenance to Peterson Law on April 10. Consider three scenarios:

a. Peterson pays for the lawn service in advance on March 28.

b. Peterson pays for the lawn service on April 10, the day of service.

c. Peterson pays for the lawn service the following month on May 2.

If Executive Lawn uses accrual-basis accounting, on which date would Executive Lawn record the $100 revenue for each scenario?

Reference no: EM131519623

Questions Cloud

Which of the positions is the riskiest : Which of the positions is the riskiest (offers the possibility of the greatest loss)?

Discuss the major principle that describes recording revenue : Discuss the major principle that describes recording expenses.

Conduct swot analysis by analyzing the strengths and threats : Conduct a SWOT analysis by analyzing the strengths, weaknesses, application opportunities, and threats from competitors of the chosen topic.

The significant challenges this country faces : Describe what you believe to be two of the significant challenges this country faces now or in the near future.

Which date would executive lawn record cash-basis accounting : Consider the information in question 2. Using cash-basis accounting, on which date would Executive Lawn record the $100 revenue for each scenario?

Developed network schedule using microsoft project software : Developed a network schedule using Microsoft Project software. Your schedule must show all important information with your own design WBS

Choose a large non-profit charity : Choose a large non-profit charity that interests you and describe how it reaches out to its target consumers for support.

Describe the three most serious threats : 1. Consider the various threats to information systems. Describe the three most serious threats to each of the following businesses:

Was the colonial objection to british taxation economic : Was the colonial objection to British taxation economic or constitutional? Use the document readings to support your answer.

User Account

All Pages