CAR WASH KING recently started a promotion by selling a car wash pass to their customers. The three-month pass for unlimited car wash costs P600. The company estimates that their customers wash their cars equally throughout the three=month period. On December, the first batch of customers purchased P12,000 worth of the three-month passes. The purchases of the passes occurred evenly throughout December. What is the amount of sales revenue to be recognized in December?
CAR WASH KING recently started a promotion by selling a car wash pass to their customers. The three-month pass for unlimited car wash costs P600. The company estimates that their customers wash their cars equally throughout the three=month period. On December, the first batch of customers purchased P12,000 worth of the three-month passes. The purchases of the passes occurred evenly throughout December. What is the amount of sales revenue to be recognized in December?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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CAR WASH KING recently started a promotion by selling a car wash pass to their customers. The three-month pass for unlimited car wash costs P600. The company estimates that their customers wash their cars equally throughout the three=month period. On December, the first batch of customers purchased P12,000 worth of the three-month passes. The purchases of the passes occurred evenly throughout December. What is the amount of sales revenue to be recognized in December?
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