Jenna Newbury began a music business in July 2018. Newbury prepares monthly financial statements and uses the accrual basis of accounting. The following transactions are Newbury Company's only activities during July through October: Jul 14 Bought music on account for $65, with payment to the supplier due in 90 days. Aug 3 Performed a job on account for Alanna Turner for $55, collectible from her in 30 days. Used up all the music purchased on July 14. Sep 16 Collected the $55 receivable from Turner. Oct 22 Paid the $65 owed to the supplier from the July 14 transaction. In which month should Newbury report the $55 revenue on its income statement? O A. August OB. October O C. September O D. July