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Safe 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
Safe 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. On December 31, Safe Home has collected $200 from cash-paying customers. Safe Home's remaining customers owe the business $1,300. Cash Basis Accrual Basis Cash received Revenue Recorded Total Revenue Recorded Momentous Occasions received $2,000 for services to be performed for the next 8 months on March 31. Cash Basis Accrual Basis Cash received Revenue Recorded Total Revenue Recorded
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