Question

On July 31, the company had earned $2,000 in advertising services that it did not yet bill its clients.

Answer 1

The question is about the company's earnings from advertising services that have not been billed to their clients. Revenue recognition in accounting is the relevant concept.

Step-by-step explanation:

The subject of this question is Business and the grade level is High School.

The question is discussing the company's earnings from advertising services that have not been billed to their clients. This situation is related to revenue recognition in accounting.

Revenue recognition is the process of recording revenue when it is earned, regardless of when the payment is received. In this case, the company has earned $2,000 in advertising services but has not yet billed their clients. This revenue should be recognized in the appropriate accounting period, even if the billing has not occurred.

Answer 2

The question is about the company's earnings from advertising services that have not been billed to their clients. Revenue recognition in accounting is the relevant concept.

Step-by-step explanation:

The subject of this question is Business and the grade level is High School.

The question is discussing the company's earnings from advertising services that have not been billed to their clients. This situation is related to revenue recognition in accounting.

Revenue recognition is the process of recording revenue when it is earned, regardless of when the payment is received. In this case, the company has earned $2,000 in advertising services but has not yet billed their clients. This revenue should be recognized in the appropriate accounting period, even if the billing has not occurred.

Answer 3

The question is about the company's earnings from advertising services that have not been billed to their clients. Revenue recognition in accounting is the relevant concept.

Step-by-step explanation:

The subject of this question is Business and the grade level is High School.

The question is discussing the company's earnings from advertising services that have not been billed to their clients. This situation is related to revenue recognition in accounting.

Revenue recognition is the process of recording revenue when it is earned, regardless of when the payment is received. In this case, the company has earned $2,000 in advertising services but has not yet billed their clients. This revenue should be recognized in the appropriate accounting period, even if the billing has not occurred.