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YYY Dealership sold Zip and Zap a motor scooter for $3600 in June. YYY paid the manufacturer $1500 for the motor scooter in April. YYY
YYY Dealership sold Zip and Zap a motor scooter for $3600 in June. YYY paid the manufacturer $1500 for the motor scooter in April. YYY received a $900 payment from Zip and Zap in June and will receive the additional $2700 in July. If YYY used the cash basis of accounting, then: Sales Revenue will be $3,600 in June Sales Revenue will be $2,700 in June and $900 in July Sales Revenue will be $900 in June and $2,700 in July Sales Revenue will be $3,600 in July
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