During May,Just in Thyme,Inc

Multiple Choice

During May,Just in Thyme,Inc.billed a customer $1,000 for services performed during May.During June,Just in Thyme collected the $1,000.Which of the following statements about this transaction is correct?

A) $1,000 of revenue should be recorded in May.
B) $500 of revenue should be recorded in May and $500 in June.
C) $1,000 of revenue should be recorded in June.
D) No revenue should be recorded for these events because they relate only to the balance sheet.