Planet X Comics and Collectibles is a local store in Pennsylvania that came from Canada. There are three locations with only one in the USA and the other two in Canada. Comic X has been opened since 1992. They sell a variety of things such as comics, toys, games, cards, apparel, and collectibles. The store in Pennsylvania has been doing quite well so the owner decided to move the store to a bigger location. In the new location the store now sponsors many events and clubs.
Accrual-based accounting is an accounting method in which revenue is recognized when they are earned. This is unlike the cash-based accounting in which the revenue is recognized when the payment has been received. The accrual-based accounting