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When would the lawyer record the revenue for the fees

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Reference no: EM132710701

Problem - Assume that a lawyer bills her clients $15,000 on June 30, for services rendered during June. The lawyer collects $8,500 of the billings during July and the remainder in August. Under the accrual basis of accounting, when would the lawyer record the revenue for the fees?

A. June, $15,000; July, $0; and August, $0

B. June, $0; July, $6,500; and August, $8,500

C. June, $8,500; July, $6,500; and August, $0

D. June, $0; July, $8,500; and August, $6,500

Reference no: EM132710701

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