answer all question plz

specially #5

purchased by Julio Estela six years earlier (the stock was not owned by the company). d. Incurred operating expenses during the current year of $61,000. e. Determined amount of supplies on hand (unused) at the end of the current year as $700. b. Earned service fees during the current year of $87,000; of the cash 4. What additional information would assist you in formulating your collected, \$20,000 was for deposits from customers on work to be done Required: by Julio in the next year. 1. Did Julio prepare the income statement on a cash basis or an accrual basis? Explain how you can tell. Which basis should be used? Explain why. c. Received the cash dividends on shares of ABC Industrial stock 5. Based on the revised financial statements and any additional purchased by Julio Estela six years earlier (the stock was not owned by purchased by Julio Estela six years earlier (the stock was not owned by the company). d. Incurred operating expenses during the current year of $61,000. e. Determined amount of supplies on hand (unused) at the end of the current year as $700. b. Earned service fees during the current year of $87,000; of the cash 4. What additional information would assist you in formulating your collected, \$20,000 was for deposits from customers on work to be done Required: by Julio in the next year. 1. Did Julio prepare the income statement on a cash basis or an accrual basis? Explain how you can tell. Which basis should be used? Explain why. c. Received the cash dividends on shares of ABC Industrial stock 5. Based on the revised financial statements and any additional purchased by Julio Estela six years earlier (the stock was not owned by