Rebel technology maintains its records using cash- basis, Ask an Expert

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Rebel Technology maintains its records using cash- basis accounting. During the year the company cash from customer $16,000 and paid cash for salaries $21, 200. At the end of the year, customers $5.200. At the beginning of the year, Rebel owes salaries of $4, 200 At the end of the year. Determine cash-basis net income and accrual-basis net income for the year.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92640560

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