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In its first year, a company performed services for a customer and billed the customer $10,000. In the second year, the customer pays the company

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In its first year, a company performed services for a customer and billed the customer $10,000. In the second year, the customer pays the company for the services rendered in the first year. In the first year, the company incurred and paid $3,000 of wage expense. If the company uses the accrual- basis of accounting, then it will report O revenue of $10,000 in the first year and expense of $3,000 in the second year. O revenue of $10,000 and expense of $3,000 in the first year. O revenue of $10,000 in the second year and expense of $3,000 in the first year. O revenue of $10,000 and expense of $3,000 in the second year. O no revenue or expenses in either year

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