Cortes Company performed services in February for a specific customer, for a fee of $6,000. Payment was

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Cortes Company performed services in February for a specific customer, for a fee of $6,000. Payment was received the following March.
(a) Was the revenue earned in February or March?
(b) What accounts should be debited and credited in
(1) February and
(2) March?

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Accounting

ISBN: 978-0324401844

22nd Edition

Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac

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