comparing cash and accrual basis accounting for expenses Answer

a. cash basis? b. accrual basis? 2 Comparing cash and accrual basis accounting for revenues 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