During February, Blake Building Co. billed a customer $4,500 for services performed during February. During March, Blake collected the $4,500. Which of the following statements about this transaction is correct?
A. $4,500 of revenue should be recorded in February.
B. No revenue should be recorded for these events because they relate only to the balance sheet.
C. $2,250 of revenue should be recorded in February and $2,250 in March.
D. $4,500 of revenue should be recorded in March.
Answer: A
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