Sparkling Pools Provides $1,000 of Pool Maintenance Services During July

question 23

Multiple Choice

Sparkling Pools provides $1,000 of pool maintenance services during July and collects payment in August.The company performs $1,600 of pool maintenance services during July that were paid for in June.The company accepts an order to perform $500 of pool maintenance services in August and will be paid in the same month.Revenue should be credited for:

• A)$1,600 in June,$1,000 in July,and $500 in August.
• B)$1,600 in June,$0 in July,and $1,500 in August.
• C)$0 in June,$1,600 in July,and $1,500 in August.
• D)$0 in June,$2,600 in July,and $500 in August.

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