Protection Home provides house-sitting for people while they are away on vacation. Some of its...
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Accounting
Protection Home provides house-sitting for people while they are away on vacation. Some of its customers pay immediately after the job is finished. Some customers ask that the business send them a bill. As of the end of the year, Protection Home has collected $900 from cash-paying customers. Protection Home's remaining customers owe the business $1,300. How much service revenue would Protection Home have for the year under the a. cash basis? b. accrual basis? a. Under the cash basis, Protection Home will record service revenue for the year in the amount of
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