On Time Computer Repair Uses Accrual Basis Accounting

Multiple Choice

On Time Computer Repair uses accrual basis accounting.A computer was repaired on May 15.The customer picked up the computer on June 1 and mailed the payment on June 5.On Time Computer Repair received the check in the mail on June 10.The revenue should be recognized as earned on which date?

A) May 15
B) August 1
C) June 5
D) June 10