Over the winter months, Carla Vista Lawns Co. pre-sells fertilizing and weed control lawn services to be performed from May through September, inclusive. If payment is made in full by April 1, a 5% discount is allowed. In March, 340 customers took advantage of the discount and purchased the summer lawn service package for $700 each. In June, 300 customers purchased the package for $810, and in July, 100 purchased it for the same price. For customers who pay after May 1, service starts in the month the customer makes the payment. How much revenue should be recognized by the Carla Vista Lawns Co. in each of the months of March, April, May, June, July, August, and September? (Round answers to 0 decimal places, eg 5.275)

Over the winter months, Carla Vista Lawns Co. pre-sells fertilizing and weed control lawn services to be performed from May through September, inclusive. If payment is made in full by April 1, a 5% discount is allowed. In March, 340 customers took advantage of the discount and purchased the summer lawn service package for $700 each. In June, 300 customers purchased the package for $810, and in July, 100 purchased it for the same price. For customers who pay after May 1, service starts in the month the customer makes the payment. How much revenue should be recognized by the Carla Vista Lawns Co. in each of the months of March, April, May, June, July, August, and September? (Round answers to 0 decimal places, eg 5.275)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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