the following events occurred at vg consulting during the most recent month a vg pro 4375460

The following events occurred at VG Consulting during the most recent month. a. VG provided consulting services and billed clients $ 2,000. b. VG collected $ 1,500 for consulting services performed in the prior month. c. VG paid its monthly electric bill of $ 300. d. Employees who worked for VG were not paid for services performed. Next month they will be paid $ 850. e. VG collected fees of $ 700 for services to be performed in the following month. For each event, determine the revenue or expense under the cash and accrual bases of accounting. View Solution:
The following events occurred at VG Consulting during the most

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