Tuesday
March 28, 2017

Post a New Question

Posted by on .

A company earned earned $39,000 in revenues and received $33,000 cash from these customers. The company incurred expenses of $22,500 but had not paid $2,250 of them at years end. Harden also prepaid $3750 cash for expenses that would be incurred the next year. Calculate the first year's net income under both the cash basis and the accrual basis of accounting.

Answer This Question

First Name:
School Subject:
Answer:

Related Questions

More Related Questions

Post a New Question