Secure Home provides house-sitting for people while they are away on vacation. Some of its customers pay

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Secure 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, Secure Home has collected \($1,900\) from cash-paying customers. Secure Home’s remaining customers owe the business \($2,300\).

How much service revenue would Secure Home have for the year under the

a. cash basis?

b. accrual basis?

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Horngrens Accounting The Financial Chapters

ISBN: 9780137884858

14th Edition

Authors: Brenda Mattison, Tracie Miller-Nobles

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