Homework Answers
1.
| Cash Basis | |
| Service Revenue | Expenses |
| $93,000 | $65000-8000 = $57,000 |
2.
| Accrual Basis | |
| Service Revenue | Expenses |
| $115,000 | $65000-3000 = $62,000 |
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Total Pool Services earned $115,000 of service revenue during 2018. Of the $115,000 earned, the business...
Total Pool Services earned $130,000 of service revenue during 2018. Of the $130,000 earned, the business...
Total Pool Services earned $130,000 of service revenue during 2018. Of the $130,000 earned, the business received $105,000 in cash. The remaining an $25,000, was still owed by customers as of December 31. In addition, Total Pool Services incurred $85,000 of expenses during the year. As of December 31, $10,000 of the expenses still needed to be paid. In addition, Total Pool Services prepaid $5,000 cash in December 2018 for expenses incurred during the next year. 1. Determine the amount...
How do I solve this? Total Paint Services earned $155,000 of service revenue during 2018. Of...
How do I solve this?
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help!! Save Homework: Assignment #5 core: 0.75 of 1 pt T13-1 (similar to) 1 of 7...
help!!
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How do I solve this?
Total Paint Services earned $155,000 of service revenue during 2018. Of the $155,000 earned, the business received $140,000 in cash. The remaining amount, $15,000, was still owed by customers as of December 31. In addition, Total Paint Services incurred $72,000 of expenses during the year. As of December 31, $14,000 of the expenses still needed to be paid. In addition, Total Paint Services prepaid $9,000 cash in December 2018 for expenses incurred during the next...
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help!!
Save Homework: Assignment #5 core: 0.75 of 1 pt T13-1 (similar to) 1 of 7 (2 complete) HW Score: 17.86%, 1.25 of 7 pts Question Help "otal Spa Services earned $135,000 of service revenue during 2018. Of the $135.000 earned the business received $111.000 in cash. The remaining amount 24,000, was still owed by customers as of December 31. In addition, Total Spa Services incurred 588,000 of expenses during the year. As of December 31, $13,000 of the expenses...
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In its first year of operations, Athabasca Corp. earned $51,000
in service revenue. Of that amount, $8,400 was on account and the
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