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QUESTION
Using the accural basis revenue on the income statement was$124,320. Accounts receivable were $3,320 on January 1 and $3,600on December 31.
Using the accural basis revenue on the income statement was$124,320. Accounts receivable were $3,320 on January 1 and $3,600on December 31. Unearned revenue was $1,040 on January 1 and $1,690on December 31.
Calculate the revenue for the year on a cash basis.
