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  3. 3. the maroon & orange gym, inc., uses the nee

3. The Maroon & Orange Gym, Inc., uses the neenial method of Accounting. The corporation...

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Accounting

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3. The Maroon & Orange Gym, Inc., uses the neenial method of Accounting. The corporation memberships that entitle the member to use the facilities at any time. A one year membership 1480 (5480/12 - $40 per month): a two-vear membership costs 5720 (5720/240 per month Cash payment is required at the beginning of the membership period. On July 1, 2018, the compe sold a one-year membership and a two wear membership. For financial reporting purposes, Maroon reports the membership income ratably over the number of months involved (A) What is Maroon's gross income if they use the accrual method of accounting for 2018 For 2019? 2018 2019 (B) What is Maroon's gross income if they use the cash method of accounting for 2018? For 2019? 2018 2019

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