Allen Company is hired on December 15,2016 to perform services,beginning on December 16,2016.Under this agreement,Allen will earn $4,500 monthly and receive payment on January 15,2017.What amount of service revenue should be recorded for the year ending December 31,2016?
A)0
B)$2,250
C)$4,500
D)There is not enough information to answer this.

Question

Quizplus · Accepted Answer

Allen has earned revenue from December 16 - December 31,2016.$4,500 / 2 = $2,250

Allen Company Is Hired on December 15,2016 to Perform Services,beginning