Question

One of the company's most frequent customers is Green Landscaping Inc. Awree Natcatnotus Inc had the...

One of the company's most frequent customers is Green Landscaping Inc. Awree Natcatnotus Inc had the following select transactions with Green Landscaping Inc between September 2017 to December 2017.

  1. September 7, 2017: Awree Natcatnotus provided business consulting services of $18,000 and billed Green Landscaping Inc for the services. Green Landscaping will be in 30 days.
  2. October 6, 2017: Green Landscaping paid the $18,000 it owed.
  3. October 12, 2017: Awree Natcatnotus received $25,000 from Green Landscaping for services to be provided over the next two months.
  4. October 25, 2017: Awree Natcacnotus provided business consulting services worth $17,000 and billed Green Landscaping. Green Landscaping acknowledged the invoiced and agreed to the amount.
  5. November 27, 2017: Awree Natcacnotus provided business consulting services worth $12,000 and billed Green Landscaping. Green Landscaping acknowledged the invoiced and agreed to the amount, and promised to pay any balance not covered by the $25,000 paid on October 12 within 15 days.
  6. December 5, 2017: Awree Natcatnotus received $25,000 from Green Landscaping being payment of past services and any remaining balance to be applied towards payment for future services.

REQUIRED: Using the above six transactions, how much total revenue should Awree Natcacnotus Inc record? Explain

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