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1. Suppose you work summers house-sitting for people while they are away on vacation. Most of your customers pay you immediately after you finish a

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1. Suppose you work summers house-sitting for people while they are away on vacation. Most of your customers pay you immediately after you finish a job. A few ask you to send them a bill. It is now June 30 and you have collected $600 from cash paying customers. Your remaining customers owe you $1,400. Requirements: R1. How much service revenue would you have under the a. cash basis? b. accrual basis? R2. Which method of accounting provides more information about your housesitting business? m Michelle Cook paid

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