About the revenue recognition

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Reference no: EM13864589

Revenue Recognition

Volume Electronics sold a television to Sarah Merrifield on December 15, 2013. Sarah paid $100 at the time of the purchase and agreed to pay $100 each month for 5 months beginning January 15, 2014.

Required:

Determine in what month or months revenue from this sale should be recorded by Volume Electronics to ensure proper application of accrual accounting.

Select January and June and August December

Reference no: EM13864589

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