Case 1Scenario C

Executive Lawn provides $100 of landscape maintenance to Peterson Law on April 10. Peterson pays for the lawn service the following month on May 2.

If Executive Lawn uses accrual-basis accounting, on which date would Executive Lawn record the $100 revenue? Explain the reason for your answer

If Executive Lawn uses cash-basis accounting, for the scenario you select, on which date would Executive Lawn record the $100 revenue? Explain the reason for your answer

Case 2Scenario C

Peterson Law asks Executive Lawn to provide $100 of landscape maintenance. Executive Lawn provides the service on April 10.Peterson pays for the lawn service the following month on May 2.

If Peterson Law uses accrual-basis accounting, for the scenario you select, on which date would Peterson Law record the $100 expense ? Explain the reason for your answer.

If Peterson Law uses cash-basis accounting, for the scenario you select, on which date would Peterson Law record the $100 expense? Explain the reason for your answer