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Identify the accounting principle or assumption that best explains each situation. 1. In December of this year, Chavez Landscaping recelved a customer's order and cash

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Identify the accounting principle or assumption that best explains each situation. 1. In December of this year, Chavez Landscaping recelved a customer's order and cash prepayment to install sod at a house that would not be ready for installation untll March of next year. Chavez should record the revenue from the customer order in March of next year, not in December of this yeat. 2. Green Cleaners Incorporated purchased bleach for an upcoming job. Green Cleaners does not record the expense untll It performs the cleaning job. 3. Chen Organics purchased a tractor for $20,000 cash. The owner belleves the tractor is really worth $30,000. The tractor is still recorded at $20,000 on the balance sheet. Complete this question by entering your answers in the tabs below. In December of this year, Chavez Landscaping received a customer's order and cash prepayment to install sod at a house that would be ready for installation until March of next year. Chavez should record the revenue from the customer order in March of next year, n December of this year. Idensty which accounting principle or assumption best describes the above practice

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