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

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Over the winter months, 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 after 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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Related Book For  book-img-for-question

Accounting Principles Volume 2

ISBN: 9781119786634

9th Canadian Edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak

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