Using the help of some high school students, growing seeds llc mowed lawns on eastwood avenue in may. It paid the high school students $100 in june for the work performed in may. It billed customers $250 in may for lawns mowed but did not receive payment until july. Using cash-basis accounting, what amount of revenue will growing seeds llc report on its may income statement?
A. $0
B. $100
C. $150
D. $250

Question

20-06-2024
Business

Answered

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Using the help of some high school students, growing seeds llc mowed lawns on eastwood avenue in may. It paid the high school students $100 in june for the work performed in may. It billed customers $250 in may for lawns mowed but did not receive payment until july. Using cash-basis accounting, what amount of revenue will growing seeds llc report on its may income statement?
A. $0
B. $100
C. $150
D. $250

Sagot :

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