You Are the Owner of Big M Conference Center

Essay

You are the owner of Big M Conference Center. A 5-day conference was held at the Center on 1/29, 1/30, 1/31, 2/1, and 2/2. They pay $10,000 for the 5-day conference on 3/1. An employee is paid $300 per day, and worked all 5 days of the conference. She was paid $900 on 2/1, and $600 on 2/8. In which months should the revenue and the expense be recognized?