Question
Revenue on the income statement was $123,510. Accounts receivable were $3,320 on January 1 and $3,400 on December 31. Unearned revenue was $1,250 on January
Revenue on the income statement was $123,510. Accounts receivable were $3,320 on January 1 and $3,400 on December 31. Unearned revenue was $1,250 on January 1 and $1,800 on December 31. Calculate the revenue for the year on a cash basis.
| Revenue on cash basis |
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Auditing And Assurance Services An Integrated Approach
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley
11th Edition
0131867121, 978-0131867123
