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You are the owner of Big M Conference Center. A 5-day conference was held at...

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Accounting

You are the owner of Big M Conference Center. A 5-day conference was held at the Center on 1/29, 1/30, 1/31, 2/1, and 2/2. They pay $10,000 for the 5-day conference on 3/1. An employee is paid $300 per day, and worked all 5 days of the conference. She was paid $900 on 2/1, and $600 on 2/8. In which months should the revenue and the expense be recognized?

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