Question 19 1 pts On May 1, John Plumbing receives a phone call from a customer needing a new water heater and schedules a service visit for May 5. On May 7, John installs the new water heater. The customer pays for service on May 10. According to the revenue recognition principle, on which date should John record service revenue? May 5 May 10 Question 20 1 pts On May 1, 2019, a two-year insurance policy was purchased for $48,000 with coverage to begin immediately.
