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For the year ended June 30, 2020, Harry Corp. reported revenue of $900,000 in its accrual basis income statement. Additional information was as follows. Accounts
For the year ended June 30, 2020, Harry Corp. reported revenue of $900,000 in its accrual basis income statement. Additional information was as follows. Accounts receivable June 30, 2019: $200,000; Accounts receivable June 30, 2020: $490,000; Uncollectible accounts written off during the fiscal year: $20,000. Under the cash basis, Harry should report revenue of $610,000. $590,000 $630,000. $1,190,000
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