Consider the following events for Sophia Incorporated:April 5 Sophia purchases volleyballs for $200 on account.April 6 Sophia advertises a sand volleyball camp for $20 a person.April 12 Thirty people sign up for the camp paying a total of $600.April 21 Sophia hosts the sand volleyball camp.April 23 Sophia pays for the volleyballs purchased on April 5.Under cash-basis accounting, what is the appropriate day to record the revenues related to the sand volleyball camp?
A. April 21.
B. April 23.
C. April 12.
D. April 5.
Answer: C
Business
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