Determine the legal services revenue

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Joe Davon (a partner in the law firm of Davon & Davon) agrees to perform legal services for Gregg Inc. at a fixed fee of $1,000. Gregg pays a deposit of $400 on February 18. Joe Davon starts the work on March 1 and completes it on March 25. The $600 balance is paid on April 2. The legal services revenue of $1,000

Problem A. Should be recognized in full in February

Problem B. Should be recognized in full in April

Problem C. Should be recognized in full in March

Problem D. Should be recognized in two installments ($400 in February and $600 in April).

Reference no: EM132460602

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