Over the winter months, the Lush Lawns Co. pre-sells fertilizing and weed control lawn services to be

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Over the winter months, the Lush 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, 350 customers took advantage of the discount and purchased the summer lawn service package for $760 each. In June, 300 customers purchased the package for $800, and in July, 100 purchased it for the same price. For customers who pay aft er May 1, service starts in the month the customer makes the payment.
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How much revenue should be recognized by the Lush Lawns Co. in each of the months of March, April, May, June, July, August, and September? Explain.
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Accounting Principles Part 3

ISBN: 978-1118306802

6th Canadian edition Volume 1

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow

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