When do we recognize these expenses, in July or August? $1.$ During July, Sparkling Pools paid for $$3600$ rent for three months: September, October, and November.

$2.$ During July, Sparkling Pools paid for $$3600$ rent for three months: July, August and September.

$3.$ During July, Sparkling Pools needed to pay their employees $$5000$ on July $31$ but paid them on Aug $1$ since July $31$ is a Sunday When do we recognize this revenue, in June or July? $1.$ During June, the Grass is Greener Company sold $$500$ gift card to a customer; the customer hasn$$t ordered any service.

$2.$ During June, the Grass is Greener Company sold $$500$ gift card to a customer; the customer asked the company to cut $50$ lawns in July.