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Cosh versus accrual accounting basit During the month, a business reported the following transocticns: 1 Collected $30,500 trom customers for services provided on acocunt. 2

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Cosh versus accrual accounting basit During the month, a business reported the following transocticns: 1 Collected $30,500 trom customers for services provided on acocunt. 2 Customers poid $5,100 by cheque when biked for work done duaing the month. 3. ided customers for $33,700 for servicos provided during the month. 4. Pertormed 51600 in services for customers who paid in advance. 5. Hoceived $2100 in advance trom customers for sorvices to be provided next month. A. How much revenue will be recognized under the eash batis for the mohth (dollor amount without dollar sign (s) or comma, og 15000 )? 8. How much revenue will be recognized under the accrual basis for the month (dollar amount without doliar sign (\$) or comma, e.g. 15000 )? 2) In order to close the Cwner's Drawings account the

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