Current Attempt in Progress

Skysong Consulting uses the accrual basis of accounting and a fiscal year ending December $31.$ Beginning on September $1,2024,$

Skysong performs services for Concord International at a rate of $$4100$ per month. On February $12,2025,$ Concord pays Skysong

$$20500$ in full for all services rendered from September $1,2024$ to January $31,2025.$ By not recording any adjustment as of December

$31,2024$ related to services provided to Concord, Skysong understated revenues by on its $2024$ income statement.

$$16400$

$$4100$

$$20500$

$$12300$