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Was the revenue earned in may or june

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Reference no: EM132512277

McElwee Company performed services in May for a specific customer, for a fee of $7,500. Payment was received the following June.

Question (a) Was the revenue earned in May or June?

Question (b) What accounts should be debited and credited in (1) May and (2) June?

Reference no: EM132512277

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