Secure Home provides house-sitting for people while they are away on vacation. Some of its customers pay immediately after the job is finished. Some customers ask that the business send them a bill. As of the end of the year, Secure Home has collected $1,920 from cash-paying customers. Secure Home’s remaining customers owe the business $2,660. Secure Home recorded $1,920 of service revenue for the year. correct If Secure Home had recorded their service revenue using the other method, how much service revenue would they have recorded for the year?
Secure Home provides house-sitting for people while they are away on vacation. Some of its customers pay immediately after the job is finished. Some customers ask that the business send them a bill. As of the end of the year, Secure Home has collected $1,920 from cash-paying customers. Secure Home’s remaining customers owe the business $2,660. Secure Home recorded $1,920 of service revenue for the year. correct If Secure Home had recorded their service revenue using the other method, how much service revenue would they have recorded for the year?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
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Secure Home provides house-sitting for people while they are away on vacation. Some of its customers pay immediately after the job is finished. Some customers ask that the business send them a bill. As of the end of the year, Secure Home has collected $1,920 from cash-paying customers. Secure Home’s remaining customers owe the business $2,660. Secure Home recorded $1,920 of service revenue for the year.
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If Secure Home had recorded their service revenue using the other method, how much service revenue would they have recorded for the year?
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