Multiple Choice
During February,Blake Building Co.billed a customer $4,500 for services performed during February.During March,Blake collected the $4,500.Which of the following statements about this transaction is correct?
A) $4,500 of revenue should be recorded in February.
B) $2,250 of revenue should be recorded in February and $2,250 in March.
C) $4,500 of revenue should be recorded in March.
D) No revenue should be recorded for these events because they relate only to the balance sheet.
Correct Answer:
Verified
Correct Answer:
Verified
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