ctice: Cash versus K Question 2, SF3-2 (similar to) Part 1 of 2 > HW Score: 0%, 0 of 2 points O Points: 0 of 1 How much service revenue would Peace of Mind have for the year under the a. cash basis? b. accrual basis? Peace of Mind 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, Peace of Mind has collected $500 from cash-paying customers. Peace of Mind's remaining customers owe the business $1,100. Save a. Under the cash basis, Peace of Mind will record service revenue for the year in the amount of

Peace of Mind 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, Peace of Mind has collected $500 from cash-paying customers. Peace of Mind's remaining customers owe the business $1,100. How much service revenue would Peace of Mind have for the year under the a. cash basis? b. accrual basis? a. Under the cash basis, Peace of Mind will record service revenue for the year in the amount of