Business, 31.01.2021 21:20, foriegnngal

For each of the following transactions, determine if Raymond Corporation has earned revenue during the month of May and, if so, how much it has earned. Customers paid Raymond $1,500 for work Raymond will perform in June.
Customers purchased $6,000 of inventory for which they have not yet paid.
Raymond performed work for customers and was paid $3,400 in cash.
Customers paid Raymond $2,300 for inventory purchased in April.
Record the journal entries for number 2 above.

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For each of the following transactions, determine if Raymond Corporation has earned revenue during t...