QUESTION 8 Jim's Tune-Up Shop follows the revenue recognition principle. Jim services a car on 31 July. The customer picks up the vehicle on 1 August and mails the payment to Jim on 5 August. Jim receives the cheque in the mail on 6 August. When should Jim show that the revenue was earned? a. 31 July. O b. 1 August. c. 5 August. d. 6 August. QUESTION 8 Jim's Tune-Up Shop follows the revenue recognition principle. Jim services a car on 31 July. The customer picks up the vehicle on 1 August and mails the payment to Jim on 5 August. Jim receives the cheque in the mail on 6 August. When should Jim show that the revenue was earned? a. 31 July. O b. 1 August. c. 5 August. d. 6 August.