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

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Abacus Corporation purchased equipment costing $52,000. It paid $16,000 in cash and signed a note payable for $36,000. This transaction A. increased assets by $52,000, liabilities by $36,000 and...

Shadow's Cleaning Service provides weekly cleaning services for $ 5 0 per week. In January, they collected payments from 5 5 customers for 3 months ( 1 2 weeks ) of service each. For the month of...

I need correct answer and explaining why please? 8) The process of reporting an economic event in the financial statements is known as A) recording B) writing C) recognition D) transcribing 9)...

Shadow's Cleaning Service provides weekly cleaning services for $45 per week. In January, they collected payments from 57 customers for 3 months (12 weeks) of service each. For the month of January,...

Shadow's Cleaning Service provides weekly cleaning services for $41 per week. In January, they collected payments from 60 customers for 3 months (12 weeks) of service each. For the month of January,...

Shadow's Cleaning Service provides weekly cleaning services for $ 4 9 per week. I n January, they collected payments from 5 2 customers for 3 months ( 1 2 weeks ) o f service each. For the month o f...

Can get the answer to number 8 and 12 please experts with explaining. I have Ben posting this like 3 times but not answering or wrong ones please 8) The process of A) recording reporting an economic...

I need a correct answer to 8 and 12 please with explanation please please The process of A) B) writing an economic event in the financial statements is known as_ 9) Shadow's Cleaning ng Service...

Refer to Practice 9-6. Assume that the sales occurred as follows: Units Sold January 16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 July 15 . . . . . . . . . . . . ....

The Auto Clinic is a wholly owned subsidiary of Fast-Check Equipment Company. Fast-Check Equipment sells and leases 4-wheel alignment machines. The usual selling price of each machine is $35,000; it...

You have found the following historical information for the Daniela Company: Year 1 Year 2 Year 3 Year 4 Stock price $ 4 5 . 3 3 $ 5 8 . 2 2 $ 6 7 . 1 4 $ 6 2 . 1 4 EPS 2 . 4 2 2 . 4 8 2 . 6 5 2 . 6...

Dorudan zamanl bir alma srasnda yedi dng gzlemlenmitir. En byk e sresi iin ortalama 0,85 dakikadr ve karlk gelen numune standart sapmas s, 0,15 dakikadr. bu da en byyd. Analist, ortalamann gerek...

d. What differences (if any) were there in the roles that members of the various groups played? Did one group play more sophisticated or more glamorous roles than others?

2. Explain the nominalist, relativist, and qualified relativist positions on language and perception.

e. In how many cases were people depicted in stereotypical rolesfor example, African Americans as athletes, or women as homemakers?