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During the month of January, Svedin Company started and completed consulting service contracts totaling $15,000. Of that amount, $4,500 was collected during January and the

During the month of January, Svedin Company started and completed consulting service contracts totaling $15,000. Of that amount, $4,500 was collected during January and the remainder is expected to be collected in February. How much consulting service REVENUE should Svedin report in JANUARY?

$15,000

$4,500

$10,500

$0

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