Question

Question 1 Blindleia Care Corporation had the following selected transactions in September: 1. Collected $190 cash from customers for services performed in August. 2. Collected $490 cash from customers for services performed in September. 3. Billed customers $610 for services performed in September. 4. Performed $110 of services to customers who paid in advance in August. 5. Received $110 from customers in advance for services to be performed in October. Calculate revenue for the month of September using the accrual basis of accounting. (Do not leave any answer field blank. Enter 0 for amounts.) 1. Collected $190 cash from customers for services performed in August. 2. Collected $490 cash from customers for services performed in September. 3. Billed customers $610 for services performed in September. 4. Performed $110 of services to customers who paid in advance in August. 5. Received $110 from customers in advance for services to be performed in October. Total revenue

Answer 1

Under accrual basis, revenue will recognize only after service performed.

Collected $190 cash from customers for service performed in August	$           -
Collected $490 cash from customers for service performed in September	$     490
Billed customers $610 for service performed in September	$     610
Performed $110 of services to customers who paid in advance in August	$     110
Received $110 from customers in advance for services to be performed in October	$           -
Total revenues	$ 1,210

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