Question: Shadow's Cleaning Services provides weekly cleaning services for $40 per week. In January, they collected payments from 50 customers for 3 months (12 weeks) of

Shadow's Cleaning Services provides weekly cleaning services for $40 per week. In January, they collected payments from 50 customers for 3 months (12 weeks) of service each. For the month of February they will recongnize (ANSWER) of revenue under cash basis, and (ANSWER) under the accural basis.

ANSWERS:

1) $0, $800

2) $8,000, $8,000

3) $8,000, $24,000

4) $24,000, $8,000

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