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When do we recognize these expenses, in July or August? 1. During July, Sparkling Pools...

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Accounting

When do we recognize these expenses, in July or August? 1. During July, Sparkling Pools paid for $3600 rent for three months: September, October, and November.
2. During July, Sparkling Pools paid for $3600 rent for three months: July, August and September.
3. During July, Sparkling Pools needed to pay their employees $5000 on July 31 but paid them on Aug 1 since July 31 is a Sunday When do we recognize this revenue, in June or July? 1. During June, the Grass is Greener Company sold $500 gift card to a customer; the customer hasnt ordered any service.
2. During June, the Grass is Greener Company sold $500 gift card to a customer; the customer asked the company to cut 50 lawns in July.

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