For each transaction below, calculate the amount of revenue to be recorded in the current period using accrual-basis accounting:

a. Performed $29,000 of services during the month and received full cash payment from customers at the time of service.
b. Performed $10,000 of services during the month and billed customers. Customers are expected to pay next month.
c. Received $11,000 cash from customers for services to be provided next month.

This is the term that is used to refer to the method of accounting that is concerned with the recording of revenue first before there would be a payment for the goods that were sold or for the services that were rendered.

A) The amount for the services that were performed is said to be $29000 in the month and the full payment for the services was received. Therefore all of the sum is what has to be recognized as the amount in that period.

B) The services performed here is $10000, but the payment for the job would have to be recorded in the next year. Hence the entry would be the 10000 although it would be gotten next year.

C) The services here has not been rendered it would be done in the next year. The company is in a liability at the point because the money is not for the month, it is to be earned in the next month, hence the accrual accounting is 0

Hence in summary we would have the accrual accounting as:

Amount of revenue to be recorded is $29000
Amount of revenue to be recorded is $ 10,000.
Amount of revenue to be recognized is $ 0.

Read more on accrual accounting here:

https://brainly.com/question/28390610

#SPJ1