Revenues are normally recognized when a company transfers promised goods or services to customers in

the amount the company expects to be entitled to receive. Expense recognition is guided by an attempt to

match the costs associated with the generation of those revenues to the same time period. Assume that the

following transactions occurred in January:

a$.$ McGraw$-$Hill Education uses $$3,800$ worth of electricity and natural gas in its headquarters building for

which it has not yet been bil