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Question 7 (QS 3-14) Preparing adjusting entries (annual)-accrued revenues On March 25, 2023, TigrSoft completed $17,000 of IT services for a customer. On April 5,
Question 7 (QS 3-14) Preparing adjusting entries (annual)-accrued revenues On March 25, 2023, TigrSoft completed \$17,000 of IT services for a customer. On April 5, TigrSoft billed the customer. On May 1,$12,000 was collected. TigrSoft reports on a monthly basis. a. Using the accrual basis of accounting, explain in what month TigrSoft should record the $17,000 of revenue. b. Record the adjusting journal entry on March 31, 2023. c. Record the journal entry on May 1, 2023
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