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The HJ Farm Store sells produce. They offer their own credit to many local customers and bill them monthly. HJ does not accept credit cards.
The HJ Farm Store sells produce. They offer their own credit to many local customers and bill them monthly. HJ does not accept credit cards. Assume these are the only relevant facts for June. In June HJ collects $500 from customers that purchased produce in May. In June, HJ had cash sales of $2,300. In June, HJ had credit sales of $750. None of these customers have made payment for these purchases as of the end of June. In June, HJ receives $800 from a customer for produce that will delivered to the customer in July. What does HJ report as revenue for June
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