Homework Answers
Answer : b) Increase revenue by $1000 in June
explanation
option a) decrease receivables by $1000 in June is a correct statement : if 1000 payment received for the services rendered to customer in may same amount of receivables will be decreased in June .
option c) Increase revenue by $1000 in may is correct : since the services rendered in may so service revenue for may will increased .
option d) Increase cash by $1000 in June is a correct ; cash received 1000 in June will increases the cash balance of the month June .
option b) is false : since the services rendered to a customer in may ,will not increases the service revenue in June
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