Question: Using accrual accounting rules, ABC Co . receives a deposit of $ 7, 0 0 0 on January 1 , 2 0 23, for services

 Using accrual accounting rules, ABC Co. receives a deposit of $7,000 on January 1,2023, for services it will provide in March 2023. At the end of March, the services are delivered to its customer. How much in revenue does it recognize in March 2023? 

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