adjustments are

At December 1, 2017, Orear Company's Accounts Receivable balance was $16,800. During December, Orear had credit sales of $45,000 and collected accounts receivable of $36,000. At December 31, 2017, the Accounts Receivable balance is $16,800 $25,800 $61,800 $9,000 5 The revenue recognition principle dictates that revenue should be recognized in the accounting records: when cash is received. when the performance obligation is satisfied. at the end of the month. in the period that income taxes are paid. licy | Tech Support [Ver: 7.1) Jul 12