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Prior to preparing adjusting entries at the end of 2023, Green Company had balance of 532,000 in accounts receivable and $520,000 in service revenue. During
Prior to preparing adjusting entries at the end of 2023, Green Company had balance of 532,000 in accounts receivable and $520,000 in service revenue. During the final days of the year, the company completed a job for a customer. Green wil eventually charge $3,000 for the work, but the company had not yet billed the customer nor accrued the income at year-end What amount of of service revenue will Green report on its 2022 Income Statement after recording the appropriate adjusting entry at year-end
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