b

At the begining of January XYZ Company bought $10.000 of supplies. At that time they paid $3.000 for them and owed the rest. During the month they used $8.000 of supplies. What would be supplies expense under accrual accounting for lanuary? \begin{tabular}{l} $10000 \\ $8,000 \\ $7,000 \\ $3,000 \\ \hline \end{tabular} Question 3 XYZ Company is a landscaping service. In July, they provided $30,000 of services for several customers and billed them. During July, they received $25.000 from their customers for services performed. Employees clocked 500 hours of work and had earned $6,000 of wages. During July. XYZ had paid their employees $5,000. What is their income using accrual-based income measurement? $25,000 $20.000 $24,000 $30,000