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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. As of the end of the year, Safe Home has collected $1,800 from cash-paying customers. Safe Home's remaining customers owe the business $2,200. How much service revenue would Safe Home have for the year under the a. cash basis? b. accrual basis? a. Under the cash basis, Safe Home will record service revenue for the year in the amount of
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