Clean Sweep Agreed to Clean an Office Building on a Weekly

question 78

Short Answer

Clean Sweep agreed to clean an office building on a weekly basis for $1,000 per week.The contract began on August 15,and Clean Sweep cleaned the building twice during August.Clean Sweep received $1,000 cash in August.During August,Clean Sweep spent $400 on wages for the workers who cleaned the building,$90 for the cleaning supplies used,and $4,000 to purchase specialized cleaning equipment.How much revenue should Clean Sweep recognize in August using cash-basis accounting?

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Definitions:

Mental Illness

A broad range of mental health conditions that affect mood, thinking, and behavior.

Syphilis

A sexually transmitted infection caused by the bacterium Treponema pallidum, characterized by distinct phases and potentially serious complications if left untreated.

General Paresis

A neurological disorder stemming from untreated syphilis, leading to progressive dementia and muscle weakness.

Organic Factors

Natural or biological elements that influence physical or mental health.