Can Someone Solve These Financial Accounting Problems?

1. If your business entered into a contract in 2012 for the sale and delivery of good in 2013, would your business recognize the revenue in 2012? What reason would a business want to recognize the sale in 2012? (Explain). Why would your business want to recognize the income in 2013? (Explain)
2. During December, the Jones Company received $5,000 for services performed in October and November. Prior to December 1st, Jones had billed his customers $8,000. During December Jones performed and billed customers $10,000, of which customers paid $6,000. Using the accrual method of accounting, how much does Jones record as revenue for December. What are the accounts receivable at December 31st?
Under the cash method of accounting, how much revenue does Jones record during December?

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