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1 . The company uses a substantial amount of electricity. The electric utility issues bimonthly bills ( i . e . , one every two

1. The company uses a substantial amount of electricity. The electric utility issues bimonthly bills (i.e., one every two months) three weeks following the two-month usage period.
In what period will the initial transaction be recognized and the element realized cash. The periods are mentioned below.
April 1
August 14
August 14 & November 13
December 31

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