Homework#7: Calculate (below) the total Revenue Recognized by Papa John's Pizza in May 2018 using Accrual and Cash basis of accounting based on the following: 1. May 4 - Catered pizza for conference for $32,000 cash. 2. May 9 - Received cash of $12,000 on pizza party for July 4 holiday. 3. May 12-Delivered $16,000 in pizzas to customers on account. 4. May 15 - Collected $12,000 on account from orders delivered on May 12. Revenue Recognized during May 2018 Accrual Basis of Accounting: $ Cash Basis of Accounting: $