Revenue recognition In October 2014, Blackbird Inc.signed a contract for $30,000 with the BH Law office to provide legal services for Blackbird Inc.for the remainder of 2014 and all of 2015.Assume that BH can reliably estimate future direct costs associated with the contract.The following services were performed based on the estimate by BH: 
Instructions Under the earnings approach,
a)When should BH recognize revenue in this situation? Explain.
b)Prepare journal entries to recognize revenues related to this contract on BH's books.
Definitions:
Mons Pubis
A rounded mass of fatty tissue found over the pubic bone of adult women, adding cushioning over the pubic bone.
Mammary Glands
Special organs in female mammals designed for producing milk to nourish their offspring.
Milk
A nutrient-rich liquid produced by the mammary glands of mammals, serving as the primary source of nutrition for their young.
Sebaceous Glands
Glands in the skin that secrete an oily substance called sebum, which lubricates skin and hair.
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