Question: McElwee Company performed services in May for a specific customer, for a fee of $7,500. Payment was received the following June. (a) Was the revenue

McElwee Company performed services in May for a specific customer, for a fee of $7,500. Payment was received the following June.
(a) Was the revenue earned in May or June?
(b) What accounts should be debited and credited in
(1) May
(2) June?

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