James's Tune-up Shop follows the revenue recognition principle. Jim finished repairing a car on July...
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Accounting
James's Tune-up Shop follows the revenue recognition principle. Jim finished repairing a car on July 31. The customer picked up the cas on August 1 and mailed the payment to James on August 5. James received the check in the mail on August 6.
What date should James show that the revenue was earned? Justify your answer.
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