Total Spa Services earned $ 1 5 5 , 0 0 0 of service revenue during 2 0 2 4 Of the $ 1 5 5 , 0 0 0 earned, the business received $ 1 3 7 , 0 0 0 in cash The remaining amount, $ 1 8 , 0 0 0 , was still owed by customers as of December 3 1 In addition, Total Spa Services incurred $ 7 2 , 0 0 0 of expenses during the year As of December 3 1 , $ 6 , 0 0 0 of the expenses still needed to be paid In addition, Total Spa Services prepaid $ 3 , 0 0 0 cash in December 2 0 2 4 for expenses incurred during the next year Determine the amount of service revenue and expenses for 2 0 2 4 using a cash basis accounting system Determine the amount of service revenue and expenses for 2 0 2 4 using an accrual basis accounting system Determine the amount of service revenue and expenses for 2 0 2 4 using a cash basis accounting system Cash basis Service revenue Expenses

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Total Spa Services earned $ 1 5 5 , 0 0 0 of service revenue during 2 0 2 4   Of the $ 1 5 5 , 0 0 0 earned, the business received $ 1 3 7 , 0 0 0 in cash  The remaining amount, $ 1 8 , 0 0 0 , was still owed by customers as of December 3 1   In addition, Total Spa Services incurred $ 7 2 , 0 0 0 of expenses during the year  As of December 3 1 , $ 6 , 0 0 0 of the expenses still needed to be paid  In addition, Total Spa Services prepaid $ 3 , 0 0 0 cash in December 2 0 2 4 for expenses incurred during the next year  Determine the amount of service revenue and expenses for 2 0 2 4 using a cash basis accounting system  Determine the amount of service revenue and expenses for 2 0 2 4 using an accrual basis accounting system  Determine the amount of service revenue and expenses for 2 0 2 4 using a cash basis accounting system  Cash basis Service revenue Expenses

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Total Spa Services earned $ 1 5 5 , 0 0 0 of service revenue during 2 0 2 4 . Of the $ 1

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