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last option is : June10-the delivery date On May 25 Johnsomville recelves an order from Festival Foods to ship $5,000 worth of brats to its

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last option is : June10-the delivery date
On May 25 Johnsomville recelves an order from Festival Foods to ship $5,000 worth of brats to its store. Johnsonvile dellvers the brats to Festival on June 10 Festival pays Johsomville for those brats on July 1. According to the revenue recognition principle, on what date should Johnsorville record in its accounting recon the $5,000 of revenue earned? Nuatiple Choice May 25 - the date of the order July 1 . The dote it recemes poyment july 31 - the Last day of the month it recened poyment Moy 25. of June 10, of July 1 - it oll depends on Johnsorvilles internal accounting poikies

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