How much cash did Rehabilitation, Inc. collect for a painting job in December?

The correct answer indicates that Rehabilitation, Inc. collected $10,000 for a painting job in December. To determine this, one would typically consider the company's records, including invoices issued for completed work and any subsequent cash collections.

In the context of accounting, particularly in recognizing cash collections, this would imply that the work was either fully paid for by the client during that month, or there was a cash basis accounting approach in use where revenue is recognized when cash is received rather than when the service is performed. Therefore, having an amount recorded as collected suggests an active receipt of cash flow directly related to services rendered in December, reinforcing the cash basis accounting principle if applicable.

Understanding the underlying accounting concepts can clarify why this specific amount reflects the cash collected. The figures for the other amounts listed may not accurately represent all cash transactions for the period or may even reflect amounts planned but not realized, emphasizing the importance of precise tracking of actual cash inflows.