ble Window Help -> 1 AC 371 Ch 9 Group Homework Problem Fall 2020 Saved to my Mac aw Design Layout References Mailings Review View Tell me S E 21 (Bo... 11 ' Uab X, X A A LA E a Styles Styles Pane Dictate So AC 371 Individual Homework Assignment - Chapter 9 I Sylvia Jones is a sole proprietor who operates a commercial cleaning business. In November 2020, Sylvia contracted with the downtown merchants' association for a local community to sanitize an entire block of vacant buildings in the downtown area. Sylvia agreed to perform the services for $30,000. Her staff started the work during the first week of November, and the project will be completed by the last week of December 2020. Sylvia plans to send the invoice to the downtown merchants' association as soon as she returns from the New Year's holiday on January 5, 2021, and the downtown merchants' association has indicated that it normally remits payment of all invoices within 10 days of the day on which the invoices are received Please answer the following questions. Your submission must include an explanation for each answer and references to the appropriate guidance for each method of accounting (use Chapter 9 of your textbook as a source to locate the appropriate guidance). Your answers should be typed below each of the questions. (1) If Sylvia uses the accrual method of accounting, when must she recognize the income from this work? (2) Alternatively, if Sylvia uses the cash method of accounting, when must she recognize the income from this work? 210 words English (United States) Focus 21 W A X MacBook Pro