7 & 8

3 pts Question 7 Davey Corp. provided services for $68,000 to Lincoln Corp. on May 4, 2019 with terms 3/10, n/30. On May 9, Davey received payment from Lincoln Corp. for this invoice. On what date should Davey recognize Service Revenue? O May 31 O May 9 May 4 None of the other dates 3 pts Question 8 Davey Corp. provided services for $68,000 to Lincoln Corp. on May 4, 2019 with terms 3/10, n/30. On May 9. Davey received payment from Lincoln Corp. for this invoice. How much cash did Davey receive from Lincoln Corp on May 9? O $47.600 O $68,000 O $2,040 $65.960