part 1 and 2

Below are transactions for Lobos, Inc., during the month of December. Calculate the amount of revenue to recognize in December a. Receive $1,200 cash from customers for services to be provided next month, Amount of revenue b. Perform $900 of services during the month and bill customers. Customers are expected to pay next month. Amount of revenue c. Perform $2,300 of services during the month and receive full cash payment from customers at the time of service. Arnount of revenue Below are transactions for Bronco Corporation during the month of June. Calculate the amount of expense to recognize in June. a. Pay $600 cash to employees for work performed during June. Amount of expense b. Receive a $200 telephone bill for the month of June, but Bronco does not plan to pay the bill until early next month. Amount of expense c. Pay $500 on account for supplies purchased last month. All supplies were used last month. Amount of expense