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Coaster Brothers, Inc. billed a client for services performed on March 12. The customer paid one-half of the amount owed on March 22 and the
Coaster Brothers, Inc. billed a client for services performed on March 12. The customer paid one-half of the amount owed on March 22 and the other one-half on April 24. When should the company record the related Service Revenue?
Multiple Choice
A. On March 12.
B. On March 22.
C. One-half on March 22 and the other half on April 24.
D. At year-end in an adjusting entry.
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