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Vargas Tech Services signed a contract with Shaffer Company to provide IT support services to Shaffer. Vargas agreed to make one of its IT consultants
Vargas Tech Services signed a contract with Shaffer Company to provide IT support services to Shaffer. Vargas agreed to make one of its IT consultants available to Shaffer's employees at Shaffer's office between 9am and 12pm each Monday and Wednesday, beginning Jan. 1, 2021 and ending June 30, 2021, to provide IT support services as necessary. Shaffer agreed to pay Vargas $10,000 on June 30, 2021. 1. How much revenue will Vargas recognize related to this contract? 2. When will Vargas recognize this revenue
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