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Consider the following three soenarios: ABC Lawncare performed lawn maintenance services for Drake lncorporated on June 1 s t , and received payment of $

Consider the following three soenarios:
ABC Lawncare performed lawn maintenance services for Drake lncorporated on June 1st, and received payment of $500 for those services.
II. On June 1st, Melly Corporation received payment for 100 pounds of raw material to be delivered to Drake Incorporated in 6 months.
iiI. Lodo, LLC collected cash on June 1st for services rendered on May 1st.
Given these scenarios, revenue cannot be recognized on June 1st for:
Multiple Choice
I only
I, II
II, III only
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