1. September 7: Awree Natcatnotus provided business consulting services of $25,000 and billed Green Landscaping Inc for the services. Green Landscaping will be in 30 days. 2. September 12: Awree Natcacnotus signed a $42,000 six-month consulting contract with ABC Tutors. Services will commence in January of next year and payment will be made monthly after services start. 3. October 6: Green Landscaping paid the $25,000 it owed. 4. October 12: Awree Natcatnotus received $25,000 from Green Landscaping for services to be provided over the next two months. 5. October 25: Awree Natcacnotus provided business consulting services worth $17,000 and billed Green Landscaping. Green Landscaping acknowledged the invoiced and agreed to the amount. 6. November 27: Awree Natcacnotus provided business consulting services worth $12,000 and billed Green Landscaping. Green Landscaping acknowledged the invoiced and agreed to the amount, and promised to pay any balance not covered by the $25,000 paid on October 12 within 15 days. 7. December 5: Awree Natcatnotus received $40,000 from Green

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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PComment
-A A Aa -
Ao| 三、三
14
P Find -
x A -
e- A -
ab
Normal
No Spacing
Heading 1
e Replace
Dictate
A Select -
Font
Paragraph
Styles
Editing
Voice
Awree Natcatnotus Inc had the following select transactions with Green
Landscaping Inc between September 2021 to December 2021.
1. September 7: Awree Natcatnatus provided business consulting
services of $25,000 and billed Green Landscaping Inc for the
services. Green Landscaping will be in 30 days.
2. September 12: Awree Natcacnotus signed a $42,000 six-month
consulting contract with ABC Tutors. Services will commence in
January of next year and payment will be made monthly after
services start.
3. October 6: Green Landscaping paid the $25,000 it owed.
4. October 12: Awree Natcatnotus received $25,000 from Green
Landscaping for services to be provided over the next two months.
5. October 25: Awree Natcacnotus provided business consulting
services worth $17,000 and billed Green Landscaping. Green
Landscaping acknowledged the invoiced and agreed to the
amount.
6. November 27: Awree Natcacnotus provided business consulting
services worth $12,000 and billed Green Landscaping. Green
Landscaping acknowledged the invoiced and agreed to the
amount, and promised to pay any balance not covered by the
$25,000 paid on October 12 within 15 days.
7. December 5: Awree Natcatnotus received S40,000 from Green
Landscaping being payment of past services and any remaining
balance to be applied towards payment for future services.
REQUIRED: Using the above six transactions, how much total
revenue should Awree Natcacnotus Inc record? Explain.
DFocus
目
43°F
Transcribed Image Text:PComment -A A Aa - Ao| 三、三 14 P Find - x A - e- A - ab Normal No Spacing Heading 1 e Replace Dictate A Select - Font Paragraph Styles Editing Voice Awree Natcatnotus Inc had the following select transactions with Green Landscaping Inc between September 2021 to December 2021. 1. September 7: Awree Natcatnatus provided business consulting services of $25,000 and billed Green Landscaping Inc for the services. Green Landscaping will be in 30 days. 2. September 12: Awree Natcacnotus signed a $42,000 six-month consulting contract with ABC Tutors. Services will commence in January of next year and payment will be made monthly after services start. 3. October 6: Green Landscaping paid the $25,000 it owed. 4. October 12: Awree Natcatnotus received $25,000 from Green Landscaping for services to be provided over the next two months. 5. October 25: Awree Natcacnotus provided business consulting services worth $17,000 and billed Green Landscaping. Green Landscaping acknowledged the invoiced and agreed to the amount. 6. November 27: Awree Natcacnotus provided business consulting services worth $12,000 and billed Green Landscaping. Green Landscaping acknowledged the invoiced and agreed to the amount, and promised to pay any balance not covered by the $25,000 paid on October 12 within 15 days. 7. December 5: Awree Natcatnotus received S40,000 from Green Landscaping being payment of past services and any remaining balance to be applied towards payment for future services. REQUIRED: Using the above six transactions, how much total revenue should Awree Natcacnotus Inc record? Explain. DFocus 目 43°F
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