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A company performs $3,500 of services during the month and bills customers. The customers are expected to pay next month. Record the customer billing using
A company performs $3,500 of services during the month and bills customers. The customers are expected to pay next month. Record the customer billing using (a) accrual-basis accounting and (b) cash-basis accounting. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record the customer billing using accrual-basis accounting. Note: Enter debits before credits. A company performs $3,500 of services during the month and bills customers. The customers are expected to pay next month. Record the customer billing using (a) accrual-basis accounting and (b) cash-basis accounting. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record the customer billing using cash-basis accounting. Note: Enter debits before credits
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