Question
Cash basis. Revenue on the income statement was $140,800. Accounts receivable were $3,500 on January 1 and $3,540 on December 31. Unearned revenue was $1,050
Cash basis.
Revenue on the income statement was $140,800. Accounts receivable were $3,500 on January 1 and $3,540 on December 31. Unearned revenue was $1,050 on January 1 and $1,670 on December 31.
Show the computation of revenue for the year on a cash basis.
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Financial Accounting And Reporting A Global Perspective
Authors: Herv Stolowy, Yuan Ding
5th Edition
1473740207, 978-1473740204
