During September,By the Book Co.collected $1,800 cash from a customer for services to be provided during November.Which of the following statements about this transaction is correct?
A) $1,800 of revenue should be recorded in September.
B) $900 of revenue should be recorded in September and $900 in November.
C) $1,800 of revenue should be recorded in November.
D) No revenue should be recorded for these events because they relate only to the balance sheet.
Correct Answer:
Verified
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