On May 25th, a customer requests your firm to provide legal services in the amount of $15,000. The customer paid a deposit of $4,000 on May 25th. The legal services are completed on July 15th. The customer is sent an invoice on July 31 and payment from the customer is received by August 5th. On what date and for what amount would revenue be recognized?

Question 10 options:

a) May 25; $11,000

b) July 15; $15,000

c) July 31; $15,000

d) August 5; $11,000