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During 2022, Guide Pro Corporation collected cash in advance of providing guide services totaling $6,900. During the year, the company earned service revenue amounting to
During 2022, Guide Pro Corporation collected cash in advance of providing guide services totaling $6,900. During the year, the company earned service revenue amounting to $369,000, of which $334,000 was collected in cash; the balance will be collected in January 2023. What amount should the 2022 income statement report for service revenue? Multiple Choice $369,000 $305,900 $35,000 $334,000
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