20. Greiners Farmstand uses accrual accounting. In October the company purchased 1,000 pumpkins at a cost of $5 per pumpkin. During October the company sold 900 of the pumpkins for $20 per pumpkin. All customers paid for their pumpkins with cash. What amount of sales revenue should Greiners Farmstand report for the month of October? A. $18,000 on its income statement B. $18,000 on its balance sheet C. $20,000 on its income statement D. $20,000 on its balance sheet

21. Greiners Farmstand uses accrual accounting. In October the company purchased 1,000 pumpkins at a cost of $5 per pumpkin. During October the company sold 900 of the pumpkins for $20 per pumpkin. All customers paid for their pumpkins with cash. What amount of cost of goods sold should Greiners Farmstand report as an expense for the month of October? A. $4,500 on its income statement B. $4,500 on its balance sheet C. $5,000 on its income statement D. $5,000 on its balance sheet