Joss Distributors had the following revenue-related transaction during December: Collected cash for services provided in November, $12,000 Provided services on account, $24,500, of which Joss collected $14,000 Received $2,000 on December 1 for services to be provided evenly in December and January. According to the revenue recognition principle, how much revenue should Joss record for December?
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Home » Business » Joss Distributors had the following revenue-related transaction during December: Collected cash for services provided in November, $12,000 Provided services on account, $24,500, of which Joss collected $14,000 Received $2,000 on December 1 for