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Secure 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
Secure 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, Secure Home has collected $900 from cash-paying customers. Secure Home's remaining customers owe the business $1,300. How much service revenue would Secure Home have for the year under the a. cash basis? b. accrual basis? a. Under the cash basis, Secure Home will record $ of service revenue for the year. b. Under the accrual basis, Secure Home will record $ of service revenue for the year
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