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The Blue Nile Law Firm prepays for advertising in the local newspaper. On January 1, the law firm paid $330 for six months of advertising.
The Blue Nile Law Firm prepays for advertising in the local newspaper. On January 1, the law firm paid $330 for six months of advertising. Blue Nile Law Firm recorded $330 in the Prepaid Advertising account.
Accrual basis If Blue Nile Law Firm had recorded their expenses using the other method, how much advertising expense would they have recorded for the two months ending February 28? Enter this value as a positive number Seashore 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, Seashore Home has collected $320 from cash-paying customers. Seashore Home's remaining customers owe the business $980. Seashore Home recorded $320 of service revenue for the year. Cash basis If Seashore Home had recorded their service revenue using the other method, how much service revenue would they have recorded for the year? Accrual basis If Blue Nile Law Firm had recorded their expenses using the other method, how much advertising expense would they have recorded for the two months ending February 28? Enter this value as a positive number Seashore 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, Seashore Home has collected $320 from cash-paying customers. Seashore Home's remaining customers owe the business $980. Seashore Home recorded $320 of service revenue for the year. Cash basis If Seashore Home had recorded their service revenue using the other method, how much service revenue would they have recorded for the yearStep by Step Solution
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