TNT Inc charges $125 per month for a storage unit.In the first quarter of the year,they collected $6,125.Ten customers pre-paid for three months rental in January,seven customers pre-paid for two months rental in February,and five customers paid for one month in March.Using the cash basis of accounting,TNT will recognize ________ in revenue for January and ________ using the accrual basis.

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The Answer of TNT Inc charges $125 per month for a storage unit.In the first quarter of the year,they collected $6,125.Ten customers pre-paid for three months rental in January,seven customers pre-paid for two months rental in February,and five customers paid for one month in March.Using the cash basis of accounting,TNT will recognize ________ in revenue for January and ________ using the accrual basis.

TNT Inc Charges $125 Per Month for a Storage Unit