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O.K.C. The company collected $14,000 on October, 1 of 2013 for 4 months of service which would take place from October of 2013 through January

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O.K.C. The company collected $14,000 on October, 1 of 2013 for 4 months of service which would take place from October of 2013 through January of 2014. The service revenue reported on the income statement on December 2013 would be (Accounting period yearly) X $3500 X $ 10,500 X $14,000 $7000

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