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500 was for services per Cheyenne Industries collected $104,000 from customers in 2019. Of the amount collected, 2018. In addition, Cheyenne performed services worth $40,200
500 was for services per Cheyenne Industries collected $104,000 from customers in 2019. Of the amount collected, 2018. In addition, Cheyenne performed services worth $40,200 in 2019, which will not be collected until 2020. Cheyenne Industries also paid $73,000 for expenses in 2019. Of the amount paid $29,800 was for expenses incurred on account in 2018. In addition, Cheyenne incurred $43,800 of expenses in 2019, which will not be paid until 2020, (a) Compute 2019 cash-basis net income. Cash-basis net income $ (b) Compute 2019 accrual basis net income, Accrual basis net income $
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