Instant Solution ? Click "Buy button" to Download the solution File
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-2016Price : $19