What is the accrual method for $10,000?
The company would recognize $10,000 ($100 x 100 customers) as accrued revenue on the balance sheet at the end of January, because it has earned the revenue but has not yet received payment. The company would record a debit of $10,000 to the accrued revenue account and a credit of $10,000 to the revenue account.Mar 27, 2023
The company would recognize $10,000 ($100 x 100 customers) as accrued revenue on the balance sheet at the end of January, because it has earned the revenue but has not yet received payment. The company would record a debit of $10,000 to the accrued revenue account and a credit of $10,000 to the revenue account.Mar 27, 2023
