Provides house-sitting for people while they are away on vacation. Some of its customers pay immediately after the job is finished. Some customers ask that the business send them a bill. As of the end of the year, Peaceful Home has collected $ 1,000 from cash-paying customers. Peaceful Home 's remaining customers owe the business $ 1,400. How much service revenue would Peaceful Home have for the year under the a. cash basis? b. accrual basis?
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