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Exercise 132 Using the accrual basis revenue on the income-(Answered)

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Exercise 132

Using the accrual basis revenue on the income statement was $121,730. Accounts receivable were $3,520 on January 1 and $3,600 on December 31. Unearned revenue was $1,050 on January 1 and $1,770 on December 31.


Calculate the revenue for the year on a cash basis.


Revenue on cash basis


 

Paper#9209884 | Written in 27-Jul-2016

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