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question 7: Interior Design Consultants (IDC) experienced the following events in 2014, its first year of operation: 1. On October 1, 2014, IDC collected $21,600
question 7:
Interior Design Consultants (IDC) experienced the following events in 2014, its first year of operation:
1. | On October 1, 2014, IDC collected $21,600 for consulting services it agreed to provide during the coming year. |
2. | Adjusted the accounts to reflect the amount of consulting service revenue recognized in 2014.
Ignoring all other future events, what is the amount of service revenue that would be recognized in 2015? (Do not round intermediate calculations.) |
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