ACTIVIFY 26 - Unseritand aceral accourtiry ard hew it siffers from eash accountine. compoties ruit esiply with the kevenue liscopticiot and Matcing Principies described below. b. in Yeir 2 senerate revenues There?are 1) If there is an asteclated caws ast effirct. roort the expense in the same period as bee tevenuei it telped to senerate. Eampirs inclade cort of geods sold and commistons. i) Uns anscation can be found, then esetse immedately. Examples inclufe advertitich utity, and adminiatative tocetses. 8) if neethe (2) nor (2) apply, then use a sysem atic and raticral allocation methed if isi. an tainples indude segrocition and amortitation. Q2. In thes acteusting period. Grafs 64.0% purdased 10 bicycles for 5200 each at wholesale and solt 6 bloydes tor 5500 each to cursoners. On the incame statement of CYCLES GACORE, How msch will be repened for 03 Kger Kayaking a sporting goods retaller, began operations on August 1 with the followin fratsactiots durirg the fint monch of operation Compute August net income (using accrualtased accounting and the Aupuat 31 cahh balance