1. DQ 2-Chapter 2 Discussion. Create your initial post on the DQ 2 Discussion Board in response to: Glenn's Cleaning Services Company is experiencing cash flow problems and needs a loan. Glenn has a friend willing to lend him the money he needs provided she can be convinced that he will be able to repay the debt. Glenn has assured his friend that his business is viable, but his friend has asked to see the company's financial statements. Glenn's accountant produced the following information: Service Revenue $38,000 Operating Expenses (70,000) Assets Liabilities $85,000 $35,000 Net Loss $(32,000) Stockholders' Equity $50,000 Glenn made the following adjustments to these statements before showing them to his friend. He recorded $82,000 of revenue on account from Barrymore Manufacturing Company for a contract to clean its headquarters office building that was still being negotiated for the next month. Barrymore had scheduled a meeting to sign a contract the following week, so Glenn was sure that he would get the job. Also, he subtracted $30,000 of accrued salaries expense and the corresponding liability. He reasoned that since he had not paid the employees, he had not incurred any expense. Write a brief memo explaining if Glenn's treatment of the expected revenue from Barrymore violated the revenue recognition concept and if Glenn's treatment of the accrued salaries expense violated the matching concept.