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Peaceful 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
Peaceful 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, Peaceful Home has collected $1,000 from cash-paying customers. Peaceful Homes remaining customers owe the business $1,400.
How much service revenue would Peaceful Home have for the year under the
-Cash basis
-Accrual basis
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