CALCULATION OF REVENUE FROM CASH COLLECTION
Anderson Lawn Service provides mowing, weed control, and pest management services for a flat fee of $60 per lawn per month. During July, Anderson collected $4,980 in cash from customers, which included $420 for lawn care provided in June. At the end of July, Anderson had not collected from 11 customers who had promised to pay in August when they returned from vacation.
CALCULATION OF REVENUE FROM CASH COLLECTION