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Consider the following three scenarios: I. Bevo Inc. performed car maintenance services for Deacon Company on June 1st, and received payment of $500 for those

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Consider the following three scenarios: I. Bevo Inc. performed car maintenance services for Deacon Company on June 1st, and received payment of $500 for those services. II. On June 1st, Deacon Company received payment for 100 pounds of raw material to be delivered to Brutus Corp. in 6 months. III. Otto Inc. collected cash on June 1st for services rendered on May 1st. Given these scenarios, revenue cannot be recognized on June 1st for: I only III only I and II only II and III only

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