Clean Sweep Agreed to Clean an Office Building on a Weekly

question 2

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 accrual accounting?

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Definitions:

Obedience To Authority

A behavior exhibited by individuals who comply with commands or orders from those in a position of power, often studied in social psychology.

Electric Shock

A sudden discharge of electricity through a part of the body, causing injury or neurological disruption.

Utilitarian Organizations

Entities where people join primarily based on receiving wages or other material benefits in exchange for their efforts.

For-Profit

Describes businesses or organizations that operate primarily to generate profit for their owners or shareholders, as opposed to non-profit organizations.