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Gibby Company had the following activity: Received $10,000 cash for goods and services provided in the current period Provided goods and services of $5,000
Gibby Company had the following activity: Received $10,000 cash for goods and services provided in the current period Provided goods and services of $5,000 in the current period to customers who will pay us in the next accounting period Received $2,000 cash in the current period for goods and services to be provided in the next accounting period Under the cash basis of accounting, how much revenue should be reported for the current accounting period? Do not include commas, dollar signs or text. Answer:
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