Resource Services Company performed services in February for a specific customer, for a fee of $11,250. Payment

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Resource Services Company performed services in February for a specific customer, for a fee of $11,250. Payment was received the following March.
(a) Was the revenue earned in February or March?
(b) What accounts should be debited and credited in (1) February and (2) March?

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Financial and Managerial Accounting

ISBN: 978-0538480895

11th Edition

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

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