On February 1, 2020, the telecommunications company sold cellular phones and unlimited calls service to Customer A with a 24 month contract

On February 1, 2020, the telecommunications company sold cellular phones and unlimited calls service to Customer A with a 24 month contract. Customer A pays CU30 per month for ‘free’ network and cell phone services. The Company sells Customer B the same cellular phone for CU 300 and the same network services for CU 20 per month. The amount is also the price the company charges when the cellular phone or network service is sold separately. The time value effect of money is negligible in this case. Based on the above case, answer the following questions: How does the company recognize its revenue to customer A and customer B? Proposed a journal on February 1, 2020 and March 1, 2020 (if any)

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