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In 2024. Monty Company performs work for a customer and bills the customer $14300; it also pays expenses of $6900. The customer pays Monty in

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In 2024. Monty Company performs work for a customer and bills the customer $14300; it also pays expenses of $6900. The customer pays Monty in 2025. If Monty uses the accrual-basis of accounting, then Monty will report expenses of $6900 in 2025 . revenue of $14300 in 2024 net incorne of $7400 in 2025 . revenue of $14300 in 2025

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