Assume a lawyer bills his clients $25,000 for fees earned on April 30, 2004. The lawyer collects…

Assume a lawyer bills his clients $25,000 for fees earned on April 30, 2004. The lawyer collects $18,500 of the billings during May and the remainder in June. Under the cash basis of accounting when would the lawyer record the revenue for fees earned?

A. April, $25,000; May, $0; and June, $0.

B. April, $0; May $18,500; and June, $7,500.

C. April $18,500; May, $6,500; and June, $0.

D. April $0; May, $18,500; and June, $6,500.

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