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During March, Thuy Bui's business performed services for a specific customer for which the fee was $9000. Payment was received in the following April. a)
During March, Thuy Bui's business performed services for a specific customer for which the
fee was $9000. Payment was received in the following April.
a)
Was the revenue earned in March or April?
b)
What journal entries should be recorded under accrual accounting in March and
April?
c)
What journal entries should be recorded under cash accounting in March and April?
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