The following events pertain to Bills Company:
December 28, 2021 Bills was contacted by a customer for possible accounting and tax services.
December 30, 2021 Bills signed a formal agreement with the customer to provide accounting and tax services in 2022.
January 4, 2022 The customer paid $1,000 in advance for the services to be provided by Bills Company.
January 11, 2022 Bills provided accounting and tax services to the customer.
Using accrual-basis accounting, on which date should Bills Company record revenue for the accounting and tax services?
A) December 30, 2021.
B) December 31, 2021.
C) January 4, 2022.
D) January 11, 2022.
Answer: D
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Accounting
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If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.