Allen Company is hired on December 15, 2016 to perform services, beginning on December 16, 2016. Under this agreement, Allen will earn $4,500 monthly and receive payment on January 15, 2017
What amount of service revenue should be recorded for the year ending December 31, 2016?
A) 0
B) $2,250
C) $4,500
D) There is not enough information to answer this.
B .Allen has earned revenue from December 16 - December 31, 2016. $4,500 / 2 = $2,250
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