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QS 1.6 (Algo) Identifying accounting principles and assumptions LO C2 Identafy the accounting principle or assumption that best explains each shuation 1. In December of this year, Ehaver Lnndscaping recelved a customer's ordor and cash prepayment fo install sod at a house that would not be ready for installation until Match of next year, Chavoz should record the revenue feom the eustomer order in March of next year, not in December of this yeat. 2. Green Cleanets inc. purchosed bleach for an upcoming job. Green Cleaners does not record the expense untl it performs the clearing job. 3. Chen Organics purchased a tractor for 520.000 cash. The owner believes the tractor is really worth 530,000 . The tractor is still recorded at $20,000 on the balance sheet Complete this question by entering your answers in the tabs below. In December of this yeat, chaver Landscaping received a customer's geger and cash prepayment to install sod at a hause that would not be resdy for instbliation until March of next year. Chaver should record the revenue from the customer order in March of next year, not in Decernber of this year. QS 1.6 (Algo) Identifying accounting principles and assumptions LO C2 Identify the accounting principle or assumption that best explains each situation. 1. In December of this year, Chavez Landscaping recelved a customer's order and cash prepayment to install sod at a house that would not be ready for installation until March of next year. Chavez should record the revenue from the customer order in March of next year, not in December of this year. 2. Green Cleaners inc. purchased bleach for an upcoming job. Green Cleaners does not record the expense until it performs the cleaning job. 3. Chen Organics purchased a tractor for $20,000 cash. The owner believes the tractor is really worth $30,000. The tractor is still recorded at $20,000 on the balance sheet. Complete this question by entering your answers in the tabs below. Green Cieaners inc. purchased bleach for an upcoming job, Green Cleaners does not record the expense until it performs the cleaning job. Identify which accounting grinciple or assumpticn best describes the above practice. QS 1-6 (Algo) Identifying accounting principles and assumptions LO C2 Identify the accounting principle or assumption that best explains each situation. 1. In December of this year, Chavez Landscaping received a customer's order and cash prepayment to install sod at a house that would not be ready for installation until March of next year, Chavez should record the revenue from the customer order in March of next year, not in December of this year. 2. Green Cleaners inc. purchased bleach for an upcoming job. Green Cleaners does not record the expense until it performs the cleaning job. 3. Chen Organics purchased a tractor for $20,000cash. The owner believes the tractor is really worth $30,000, The tractor is still recorded at $20,000 on the balance sheet Complete this question by entering your answers in the tabs below. Chen Organics purchased a tractor for $20,000 cash. The owner believes the tractor is really worth $30,000. The tractor is still recorded at $20,000 on the bolance sheet. Tentify which acoounting principle or essumption best describes the abeve practice

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