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Dublin & Associates signed 10 contracts for $120,000 with customers to provide painting services in June 2020. Dublin collected cash of $60,000 from its customers
Dublin & Associates signed 10 contracts for $120,000 with customers to provide painting services in June 2020. Dublin collected cash of $60,000 from its customers for these contracts during June 2020 and the remaining $60,000 in July 2020. Dublin performed all the painting services in August 2020. Dublin will record revenue associated with these contracts as follows... O A. $120,000 of revenue recorded in June 2020 B. $40,000 of revenue recorded in June 2020, $40,000 of revenue recorded in July 2020, and $40,000 of revenue recorded in August 2020 OC. $120,000 of revenue recorded in August 2020 D. $60,000 of revenue in June 2020 and $60,000 of revenue in July 2020
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