Question
K Secure Home provides house-sitting for people while they are away on vacation. Some of its customers pay immediately after the job is finished.
K Secure Home provides house-sitting for people while they are away on vacation. Some of its customers pay immediately after the job is finished. Some customers ask that the business send them a bill. As of the end of the year, Secure Home has collected $700 from cash-paying customers. Secure Home's remaining customers owe the business $1,200. How much service revenue would Secure Home have for the year under the a cash basis? b. accrual basis? a. Under the cash basis, Secure Home will record service revenue for the year in the amount of b. Under the accrual basis, Secure Home will record service revenue for the year in the amount of
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