Question: do journal entries 5. For each transaction below, calculate the amount of revenue to be recognized in the current period using accrual-basis accounting: (a) Performed

do journal entries do journal entries 5. For each transaction below, calculate the amount of

5. For each transaction below, calculate the amount of revenue to be recognized in the current period using accrual-basis accounting: (a) Performed $24,000 of services during the month and received full cash payment from customers at the time of service. (b) Performed $9,000 of services during the month and billed customers. Customers are expected to pay next month. (c) Received $12,000 cash from customers for services to be provided next month. 5. For each transaction below, calculate the amount of revenue to be recognized in the current period using accrual-basis accounting: (a) Performed $24,000 of services during the month and received full cash payment from customers at the time of service. (b) Performed $9,000 of services during the month and billed customers. Customers are expected to pay next month. (c) Received $12,000 cash from customers for services to be provided next month

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