CALCULATION OF REVENUE FROM CASH COLLECTION Anderson Lawn Service provides mowing, weed control, and pest management services
Question:
CALCULATION OF REVENUE FROM CASH COLLECTION Anderson Lawn Service provides mowing, weed control, and pest management services for a flat fee of $60 per lawn per month. During July, Anderson collected $4,980 in cash from customers, which included $420 for lawn care provided in June. At the end of July, Anderson had not collected from 11 customers who had promised to pay in August when they returned from vacation.
Required:
Calculate the amount of Anderson’s revenue for July.
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Related Book For
Cornerstones Of Financial Accounting Current Trends Update
ISBN: 9781111527952
1st Edition
Authors: Jay Rich , Jeff Jones, Maryanne Mowen , Don Hansen
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