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Jane went to an event center to pay for the following: Tent permit ($40), Cleaning deposit ($300) which is refundable after the tent area is
Jane went to an event center to pay for the following: Tent permit ($40), Cleaning deposit ($300) which is refundable after the tent area is clean, the event center health inspection fee ($120) and the water drain and electricity connections and dismantle after the event ($300). Explain what the differences would be if cash or accrual accounting is used to account for the situation(use matching principle and demonstrate with numbers each accounting treatment).
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