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    Financial Accounting Study Set 17
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    Exam 3: The Accounting Cycle: End of the Period
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    A Company Performs $2,800 of Services During the Month and Bills
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A Company Performs $2,800 of Services During the Month and Bills

Question 142

Question 142

Essay

A company performs $2,800 of services during the month and bills customers.The customers are expected to pay next month.Record the customer billing using (a)accrual-basis accounting and (b)cash-basis accounting.

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