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Business, 14.02.2020 05:25 Giabear23

A company receives payment from one of its customers on August 5 for services performed on July 21. Which of the following entries would be recorded if the company uses accrual basis accounting?A Cash 1000BAccounts Receivable 1,000Accounts Payable 1000Cash 1,000 CCash 1000Service Revenue 1,000 DService Revenue 1000Cash 1,000Which of the following accounts would be used under the accrual basis of accounting, but not under cash basis accounting?a. Cashb. Unearned Revenuec. Service Revenued. Salaries ExpenseWhat is the difference between cash basis accounting and accrual basis accounting?The revenue recognition principle guides accountants in .a. ensuring only revenues received in cash are recordedb. determining when to record expensesc. determining when to record revenuesd. ensuring expenses are deducted from revenues

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