52.

Use the following information to answer the next 2 questions Baridi Inc. had the following transactions during August: Aug 1 Purchased insurance for September through December Aug 4 Purchased software for cash Aug 5 Performed services and received cash Aug 8 Paid advertising expense Aug 11 Performed services on account Aug 19 Purchased computer on account $2,000 $500 $800 $500 $2,900 $2,200 51. What is the cash basis income for August? a. $3,200 b. ($4,400) c. $700 d. ($2,200) 52. What is the accrual basis income for August? a. ($2,200) b. $3,700 c. $2,400 d. $3,200