Question
The records for Kiley Company showed the following for 2020 1/1/2020 12/31/2020 Accounts Receivable $40,000 $50,000 Unearned Service Revenue $15,000 $10,000 If cash collected from
The records for Kiley Company showed the following for 2020
| 1/1/2020 | 12/31/2020 | |
| Accounts Receivable | $40,000 | $50,000 |
| Unearned Service Revenue | $15,000 | $10,000 |
If cash collected from customers in 2020 was $300,000, what is the 2020 revenue on the accrual basis?
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Survey of Accounting
Authors: Edmonds, old, Mcnair, Tsay
2nd edition
9780077392659, 978-0-07-73417, 77392655, 0-07-734177-5, 73379557, 978-0073379555
