Yards Inc mows lawns at a fee of 100 per month In the current year 200 customers prepaid for the four months in the summer beginning on May 1st
Yards Inc mows lawns at a fee of per month In the current year customers prepaid for the four months in
Yards Inc mows lawns at a fee of per month In the current year customers prepaid
a fee of per month In the current year customers prepaid for the four months in the summer beginning on May st
Yards Inc mows lawns at a fee of per month In the current
year customers prepaid for the four months in the summer beginning on May st
Yards Inc mows lawns at a fee of per month
Yards Inc mows lawns at
Yards, Inc. mows lawns at a fee of $100 per month. In the current year, 200 customers prepaid for the four months in the summer, beginning on May 1st....

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Yards?, Inc. mows lawns at a fee of $100 per month. In the current? year, 200 customers prepaid for the four months in the? summer, beginning on May 1st. Yards received $80,000 of cash receipts ?($100 per month x 200 customers x 4? months) in May. Yards?, Inc. provided the required service for four months by mowing lawns throughout? May, June,? July, and August. During those? months, the company incurred expenses of $10,000?, $13,000?, $12,000?, and $10,000?, ?respectively, and paid these expenses during the same month it consumed the economic benefit. Determine Yards ?Inc.'s net income for each month from May through August under both the cash and the accrual bases of accounting. Begin by computing the amount of revenue to be recognized for each month and the total revenue to be recognized under both the cash and the accrual bases of accounting. Then compute the expenses to be recognized for each month and the total expenses to be recognized under both the cash and the accrual bases of accounting.? Lastly, compute Yards ?Inc.'s net income for each month and total net income under both the cash and the accrual bases of accounting. ?(Enter expenses as positive amounts. Enter a? "0" for any zero balances. Use parentheses or a minus sign for a net? loss.)

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