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A customer calls their landscaper and schedules their monthly yard maintenance for the next year. The customer pays DigIt Landcapers $1,800 on December 31 st
A customer calls their landscaper and schedules their monthly yard maintenance for the next year. The customer pays DigIt Landcapers $1,800 on December 31st, 2022, for services to be performed from March 31st, 2023 through October, 2023. Because DigIt Landscapers uses a calendar year as its fiscal year and the accrual basis of accounting, DigIt Landscapers will recognize revenue of ________ in its December 31st, 2022, financial statements.
how do you find how much revenue should be recognize with explanation
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