) math.conStudent/PlayerHomework as homeworkid-551330610 questionid=1&flushed fascid-57884932back Dossignments asplewhomework Accounting Fundamentals 1 Renee Laventure 4 | 12/21/19 2:54 PM Save Homework: Chapter 3 Assignment Score: 0 of 1 pt 53-2 (book/static) 1 of 14 (0 complete) HW Score: 0%, 0 of 14 pts Question Help Momentos Occasions is a photography business that rent photo booths for parties. A group paid $1,000 in advance on March 31o guarantee services for its party to be held April 2. The April 28, the balance of $1,500 was paid cost of the event was to be $2,500. On Answer the following questions about the comed application of the revenue recognomeria 8. Is the $1,000 reported as revenue on March 3? b. On what date was the revenue eamed Is the $1.500 reported as revenue on April 267 a s the $1.000 reported as revenue on March 3? Yes All revenue is reported when the cash is received because cash for the project had been received