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TOP Cleaners uses the accrual basis of accounting. A customer dropped off a dress for cleaning on May 1. TOP did the cleaning on May
TOP Cleaners uses the accrual basis of accounting. A customer dropped off a dress for cleaning on May 1. TOP did the cleaning on May 3. The customer picked up the dress on May 5 and mailed payment to TOP on May 6. TOP received the cheque in the mail on May 9 and deposited the cheque on May 10. When would TOP recognize the revenue as being earned
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