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help!! Save Homework: Assignment #5 core: 0.75 of 1 pt T13-1 (similar to) 1 of 7 (2 complete) HW Score: 17.86%, 1.25 of 7 pts
help!! Save Homework: Assignment #5 core: 0.75 of 1 pt T13-1 (similar to) 1 of 7 (2 complete) HW Score: 17.86%, 1.25 of 7 pts Question Help "otal Spa Services earned $135,000 of service revenue during 2018. Of the $135.000 earned the business received $111.000 in cash. The remaining amount 24,000, was still owed by customers as of December 31. In addition, Total Spa Services incurred 588,000 of expenses during the year. As of December 31, $13,000 of the expenses still needed to be paid. In addition, Total Spa Services prepaid $12,000 cash in December 2018 for expenses incurred during the next year. 1. Determine the amount of service revenue and expenses for 2018 using a cash basis accounting system. 2. Determine the amount of service revenue and expenses for 2018 using an accrual basis accounting system 1. Determine the amount of service revenue and expenses for 2018 using a cash basis accounting system Cash basis Service revenue 111.000 Expenses to) (0 Enter any number in the edit helds and then click Check
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