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3 Rebel Technology maintains its records using cash-basis accounting. During the year, the company received cash from customers, $49,000, and paid cash for salaries, $26,500.

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3 Rebel Technology maintains its records using cash-basis accounting. During the year, the company received cash from customers, $49,000, and paid cash for salaries, $26,500. At the beginning of the year, customers owe Rebel $1000. By the end of the year customers owe $7,800. At the beginning of the year, Rebel owes salaries of $6,800. At the end of the year, Rebel owes salaries of $3,900 Determine cash-basis net Income and accrum-basis net income for the year. look Cashbasis net incomo Accrual basis net income

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