D) June 30th 85) On November 1, 2018, Taylor signed a one-year contract to provide handyman services on an as needed basis to King Associates, with the contract to start immediately. King agreed to pay Taylor $4,800 for the one-year period. Taylor is confident that King will pay that amount, but payment is not scheduled to occur until 2019. Taylor should recognize revenue in 2018 in the amount of A) $0. B) $800. C) $2,400. D) $4,800. 86) Mary signed up and paid $1200 for a 6 month ceramics course on June 151 with Choplet Ceramics. As of August 151, Choplet's accounting records would indicate: A) $400 of revenue, $800 of accounts receivable B) $400 of revenue, $800 of deferred revenue C) $1,200 of revenue, $1,200 of cash D) $800 of revenue, $400 of accounts receivable 87) Rothbart Manufacturing agrees to manufacture bumper cars for 12 Banners Amusement Parks. Under the terms of the contract, 12 Banners will pay Rothbart a total of $60,000, and 12 Banners can cancel the contract if it so chooses but must pay Rothbart for work completed. Rothbart believes that, if 12 Banners cancelled the contract, Rothbart could sell the bumper cars to another amusement park and still make a profit. The manufacturing contract is expected to last six months, and as of December 31, 2018, the job is 80% complete. How much revenue should Rothbart recognize in 2018 for this contract? A) $0 B) $12,000 C) $48,000 D) $60,000 88) Binz Company provides cleaning services and sells garbage bins to office clients. On June 151. Bing delivered 100 garbage bins to a client, and also entered into a 5-year contract for Binz to provide cleaning services to that client. Which of the following is most likely to be true? A) Revenue for the garbage bins and the cleaning services must be recognized on June 15t. B) Revenue for the garbage bins is recognized on June 1$1 and no revenue will be recognized for the cleaning services until the end of the 5th year. C) Revenue for the garbage bins is recognized on June 1$t and revenue for the cleaning service is recognized over the 5 years as those services are performed D) Binz Company should not recognize any revenue until the end of the 5th year. 89) Minarski Electro