Question: A customer purchased a $ 2 , 5 0 0 package of spa services on December 1 s t , 2 0 2 2 .

A customer purchased a $2,500 package of spa services on December 1st,2022. The customer can use the spa from December 1st,
2022 through February 28th,2023. Using the accrual basis of accounting, and assuming the spa uses a calendar year as its fiscal year,
the spa should recognize
in revenue on its December 31st,2022 financial statements.
$0
$833.33
$2,500
$625.50
 A customer purchased a $2,500 package of spa services on December

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