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Answer only please and thank you! 4. The following events occurred for Petra's Painting Inc: Aug 11 Petra purchased paint on account. Sept 18 A
Answer only please and thank you! 4. The following events occurred for Petra's Painting Inc: Aug 11 Petra purchased paint on account. Sept 18 A client signed a contract to have his house painted in October. Sept 25 Petra paid for the paint purchased on account in August. October 27 Petra painted the client's house. November 5 The client paid Petra for the work contracted for in September. According to the revenue recognition and matching principles, the painting company should record (recognize) A. the revenue in November and the expenses in September. B, the revenue and the expenses in September. C. the revenue and the expenses in October. D. the revenue in October and the expenses in September
Answer only please and thank you!
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