5 Over the winter months, Cullumber Co. pre-sells fertilizing and weed control lawn services to be performed from May throughSeptember, inclusive. If payment is made in full by April 1, a 5% discount is allowed. In March, 315 customers took advantage of thediscount and purchased the summer lawn service package for $760 each. In June, 265 customers purchased the package for $800, andin July, 108 purchased it for the same price. For customers who pay after May 1, service starts in the month the customer makes thepayment.How much revenue should be recognized by the Cullumber Co. in each of the months of March, April, May, June, July, August, andSeptember? (Round answers to O decimal places, e.g. 5,275. Do not leave any answer field blank. Enter O for amounts.)MarchAprilMayJuneJulyAugustSeptember$$$$

Customers who bought in Mar/ April ,services will end in 5 months till September, therefore April…

wn service package for $760 each. In June, 265 customers purchased the package fo rice. For customers who pay after May 1, service starts in the month the customer m ed by the Cullumber Co. in each of the months of March, April, May, June, July, Augu I places, e.g. 5,275. Do not leave any answer field blank. Enter O for amounts.)

wn service package for $760 each. In June, 265 customers purchased the package fo rice. For customers who pay after May 1, service starts in the month the customer m ed by the Cullumber Co. in each of the months of March, April, May, June, July, Augu I places, e.g. 5,275. Do not leave any answer field blank. Enter O for amounts.)

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 10PA: Sports Socks has a policy of always paying within the discount period and each of its suppliers...

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