Question: In June, Cellars, Inc. collected $ 1 , 0 0 0 from a customer in advance. In July, Cellars completed the first half of the

In June, Cellars, Inc. collected $1,000 from a customer in advance. In July, Cellars completed the first half of the job. In August, Cellars completed the work. If Cellars uses the cash basis of accounting, it will record revenues of ______.
Multiple choice question.
$1,000 in June when the cash is collected
$500 in July and $500 in August as the services are performed
$1,000 in August once the job is complete

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