Accrued Revenue By the end of the year, a CPA firm has provided a client with 30 hours of service to prepare a tax return. The client agrees to pay for hours performed monthly on the fifteenth of the following month. The CPA firm bills clients $35 per hour.

a. Calculate the accrued revenue the CPA firm should show in the year-end financial statements.

b. Record the journal entry to show the adjustment

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