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Consider the following three scenarios: 1. Zach Mile Lawn Care performed lawn services for Cain Inc. on July 1 st, and received payment of $800

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Consider the following three scenarios: 1. Zach Mile Lawn Care performed lawn services for Cain Inc. on July 1 st, and received payment of $800 for those services. II. On July 1 st, Redwine Company received payment for 1,000 pounds of raw material to be delivered to Blackmore Enterprise in 6 months. III. Fredrik Corp. collected cash on July 1st for services rendered on June 1 st Given these scenarios, revenue cannot be recognized on July 1st for: lll only Tonly 11, ill only

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