Calculate revenue for the month of September using the accrual basis of accounting. (Do not leave any answer field blank. Enter O for amounts.) 1. Collected $200 cash from customers for services performed in August. $ 2. Collected $525 cash from customers for services performed in September. 3. Billed customers $580 for services performed in September. 4. Performed $120 of services to customers who paid in advance in August. 5. Received $120 from customers in advance for services to be performed in October. Total revenue $ LA LA

Calculate revenue for the month of September using the accrual basis of accounting. (Do not leave any answer field blank. Enter O for amounts.) 1. Collected $200 cash from customers for services performed in August. $ 2. Collected $525 cash from customers for services performed in September. 3. Billed customers $580 for services performed in September. 4. Performed $120 of services to customers who paid in advance in August. 5. Received $120 from customers in advance for services to be performed in October. Total revenue $ LA LA

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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