Question

Safe Home provides house- sitting for people while they are away on vacation. Some of its customers pay immediately after the job is finished. Some customers ask that the business send them a bill. As of the end of the year, Safe Home has collected $ 900 from cash-paying customers. Safe Home’s remaining customers owe the ­business $ 1,300. How much service revenue would Safe Home have for the year under the
a. Cash basis?
b. Accrual basis?



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  • CreatedJanuary 16, 2015
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