The following situations are independent and assume the business uses accrual accounting. (a) Sam Company completes a job for a customer for $4,000. The job was completed from June 15. to July 15th. The customer pays Sam Company $1,000 on June 15th., $2,600 on July 15th and $400 on September 1". How much revenue should Sam Company record (accrue) in June, July & September. Explain your answer. (c) On January 1 an insurance company sells a $4,200 one year insurance policy that will expire on December 31. How much revenue should be accrued in each month from Jan to December.