Over the winter months, Carla Vista Lawns Co. pre-sells fertilizing and weed control lawn services to be performed from May through September, inclusive. If payment is made in full by April 1, a 5% discount is allowed. In March, 340 customers took advantage of the discount and purchased the summer lawn service package for $700 each. In June, 300 customers purchased the package for $810, and in July, 100 purchased it for the same price. For customers who pay after May 1, service starts in the month the customer makes the payment. How much revenue should be recognized by the Carla Vista Lawns Co. in each of the months of March, April, May, June, July, August, and September? (Round answers to 0 decimal places, eg 5.275)

Over the winter months, Carla Vista Lawns Co. pre-sells fertilizing and weed control lawn services to be performed from May through September, inclusive. If payment is made in full by April 1, a 5% discount is allowed. In March, 340 customers took advantage of the discount and purchased the summer lawn service package for $700 each. In June, 300 customers purchased the package for $810, and in July, 100 purchased it for the same price. For customers who pay after May 1, service starts in the month the customer makes the payment. How much revenue should be recognized by the Carla Vista Lawns Co. in each of the months of March, April, May, June, July, August, and September? (Round answers to 0 decimal places, eg 5.275)

SWFT Individual Income Taxes

43rd Edition

ISBN:9780357391365

Author:YOUNG

Publisher:YOUNG

Chapter18: Accounting Periods And Methods

Section: Chapter Questions

Problem 1RP

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