A dence studio accepts ( $ 1,500 ) to provide a series of dance lessons to a youth group during the month of July. The studio decides to record the revenue in July. The studio incurs rent, utintes, and satartes expenses in July. The studio decides to record those expenses in August, when it pays for them. One or both of these decisions:

unere Croict Multiple Choice violate the expense recognition principle. are an example of accrual accounting. violate the revenue recognition principle. violate both the expense recognition and revenue recognition principles