Question: Peaceful 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

Peaceful 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, Peaceful Home has collected $1,000 from cash-paying customers. Peaceful Homes remaining customers owe the business $1,400.

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

a. Cash basis?

b. Accrual basis?

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