A Company Billed a Client for Services Performed on January

question 194

Multiple Choice

A company billed a client for services performed on January 10.The customer paid one-half of the amount owed on January 20 and the other one-half on February 24.When should the company record the related Service Revenue?

• A) On January 10
• B) On January 20
• C) One-half on January 20 and the other half on February 24
• D) At year-end in an adjusting entry

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