I. ABC Lawncare performed lawn maintenance services for Drake Incorporated on June 1st, and received payment of $500 for those services. II. On June 1st, Melly Corporation received payment and delivered 100 pounds of raw material to Drake Incorporated. 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:

Given these scenarios, revenue cannot be recognized on June 1^st for:

Multiple Choice

I, II

III only

II, III only

I only