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Total Property Services earned $ 1 4 5 comma 0 0 0 $ 1 4 5 , 0 0 0 of service revenue during 2
Total Property Services earned $ comma $ of service revenue during Of the $ comma $earned the business received $ comma $ in cash. The remaining amount, $ comma $ was still owed by customers as of DecemberDecember In addition, Total Property ServicesTotal Property Services incurred $ comma $ of expenses during the year. As of DecemberDecember $ comma $ of the expenses still needed to be paid. In addition, Total Property ServicesTotal Property Services prepaid $ comma $ cash in DecemberDecember for expenses incurred during the next year.
Determine the amount of service revenue and expenses for using a cash basis accounting system.
Determine the amount of service revenue and expenses for using an accrual basis accounting system
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