Seashore Home provides house-sitting for people while they are away on vacation. Some of its customers...
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Seashore 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, Seashore Home has collected $2,550 from cash-paying customers. Seashore Home's remaining customers owe the business $3,350. Seashore Home recorded $2,550 of service revenue for the year. Cash basis If Seashore Home had recorded their service revenue using the other method, how much service revenue would they have recorded for the year? 3,350 Seashore 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, Seashore Home has collected $2,550 from cash-paying customers. Seashore Home's remaining customers owe the business $3,350. Seashore Home recorded $2,550 of service revenue for the year. Cash basis If Seashore Home had recorded their service revenue using the other method, how much service revenue would they have recorded for the year? 3,350
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Related Book For
Horngrens Financial and Managerial Accounting The Financial Chapters
ISBN: 978-0134486857
6th edition
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
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