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Shadow's Cleaning Service Provides Weekly Cleaning Services for $40 Per

Question 118

Multiple Choice

Shadow's Cleaning Service provides weekly cleaning services for $40 per week.In January,they collected payments from 50 customers for 3 months (12 weeks) of service each.For the month of January they will recognize ________ of revenue under the cash basis,and ________ under the accrual basis.


A) $2,000,$600
B) $2,600,$0
C) $8,000,$2,400
D) $24,000,$8,000

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