Frogs on Logs Co. preformed $700 worth of services on July 18th and were paid $500...
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Frogs on Logs Co. preformed $700 worth of services on July 18th and were paid $500 of what was owed of those services on July 20th. How much revenue relating to theses services would be recognized on July 18th? Frogs on Logs Co. preformed $700 worth of services on July 18th and were paid $500 of what was owed of those services on July 20th. How much revenue relating to theses services would be recognized on July 20th? Frogs on Logs Co. preformed $700 worth of services on July 18th and were paid $500 of what was owed of those services on July 20th. How much revenue relating to theses services would be recognized on July 18th? Frogs on Logs Co. preformed $700 worth of services on July 18th and were paid $500 of what was owed of those services on July 20th. How much revenue relating to theses services would be recognized on July 20th?
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The 700 service revenue is recognized when it is earned on July 18 under the accrual basis o... View the full answer
Related Book For
Business Math
ISBN: 978-0133011203
10th edition
Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
Posted Date:
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