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Seashore 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, Seashore Home has collected $3,200 from cash-paying customers. Seashore Home’s remaining customers owe the business $1,380. Seashore Home recorded $3,200 of service revenue for the year.
If Seashore Home had recorded their service revenue using the other method, how much service revenue would they have recorded for the year?

Respuesta :

Answer:

$4,580

Explanation:

Cash method:

Currently, Seashore is recording revenue on a cash basis and recorded $3,200 from the customers.

Accrual Method(Other Method)

So r\the revenue recorded by seashore using the accrual method would be the sum of both cash and credit customers.

Revenue = $3,200 + $1,380

Revenue = $4,580

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