Which events would be recognized in accounting records

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Reference no: EM131201181

Recognition ConCept

Which of the following events would be recognized and entered in Hallmark Company's accounting records? Why?

Jan. 10 Hallmark places an order for office supplies.

Feb. 15 Hallmark receives the office supplies and a bill for them. Mar. 1 Hallmark pays for the office supplies.

Reference no: EM131201181

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