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Slav-nsk [51]
3 years ago
7

Pool Perfection provided pool maintenance services worth $1,600 during July; in June, the customers had paid in advance for thes

e services. During July, the company performed $1,000 of pool maintenance services, and in August, collected payment from those customers. Also, during July, the company accepted an order to perform $500 of pool maintenance services in August; the customers will pay for these services during August. The company uses accrual basis accounting. The Service Revenue account should be credited for:
Business
1 answer:
arlik [135]3 years ago
7 0

Answer:

$1,600

Explanation:

It is important to note that the company uses accrual basis accounting. The Service Revenue account should be credited for $1,600

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