2 SETS OF FINANCIAL STATEMENTS CASH BASIS AND ACCRUAL BASIS: NEED both CASH AND ACCRUAL INCOME STATEMENTS AND BALANCE SHEETS.2 seperate income statedments needed
cash basis and accrual basis for MONTH OF JANUARY NEED BOTH Balance sheets: 1 for cash basis, 1 for accrual basis prepared AS OF JANUARY 31 Criteria: Jan 1 company
invested $90,000. Following transpired: 1. Pays $6,000 in advance for rent 2. Purchased 40 computers @$1,500 each, 6 graphic computers @ $2,500 each, and 25
printers @ $300 each paying cash upon delivery. 3. Salary/Wages earned $12,600 during january which $3000 was still payable at end of January 4. Sells 30 computers
at $2,550 each, 4 graphic computers @$3,600 ea, and 15 printers for $500 each, $75,000 received in cash in January and $23,400 is sold on deferred payment basis 5.
Operating expenses of $8,400 are incurred and pid for during January; $2,000 of incurred expenses are payable at January 31.
cash basis and accrual basis for MONTH OF JANUARY NEED BOTH Balance sheets: 1 for cash basis, 1 for accrual basis prepared AS OF JANUARY 31 Criteria: Jan 1 company
invested $90,000. Following transpired: 1. Pays $6,000 in advance for rent 2. Purchased 40 computers @$1,500 each, 6 graphic computers @ $2,500 each, and 25
printers @ $300 each paying cash upon delivery. 3. Salary/Wages earned $12,600 during january which $3000 was still payable at end of January 4. Sells 30 computers
at $2,550 each, 4 graphic computers @$3,600 ea, and 15 printers for $500 each, $75,000 received in cash in January and $23,400 is sold on deferred payment basis 5.
Operating expenses of $8,400 are incurred and pid for during January; $2,000 of incurred expenses are payable at January 31.
