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The Fireside Country Inn is a very popular destination for tourists. The Inn requires guests...

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Accounting

The Fireside Country Inn is a very popular destination for tourists. The Inn requires guests to
make reservations at least two months in advance of their stay. A 20 percent down payment
is required at the time the reservation is made. When should this inn recognize room rental
revenue?
On the date the reservation is received.
On the date the guests pay the remaining 80 percent due.
On the date the guests stay in the inn.
Once all cash has been received.
On the date the money for the reservation is received.
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