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  3. cash basis. revenue on the income statement was $1

Cash basis. Revenue on the income statement was $140,800. Accounts receivable were $3,500 on January...

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Accounting

Cash basis.

Revenue on the income statement was $140,800. Accounts receivable were $3,500 on January 1 and $3,540 on December 31. Unearned revenue was $1,050 on January 1 and $1,670 on December 31.

Show the computation of revenue for the year on a cash basis.

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