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Candy Industries collected $300,000 from customers in 2020. of the amount collected, $44,300 was for services performed in 2019. In addition, Candy performed services worth

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Candy Industries collected $300,000 from customers in 2020. of the amount collected, $44,300 was for services performed in 2019. In addition, Candy performed services worth $47,300 in 2020, which will not be collected until 2021. Candy Industries also paid $91,800 for expenses in 2020. or the amount paid, $36,800 was for expenses incurred on account in 20th addition, Candy incurred $44,700 of expenses in 2020, which will not be paid until 2021. a Compute the 2020 cash-basis net income. b. Compute the 2020 accrual basis net income. Anderson Company uses the periodic inventory method and recorded the following purchases and sale of inventory during the month of September Purchases Date Units Unit Cost Units Unit Price Sept 1 380 $100 Sept 10 450 52.00 Sept 15 540 $3.00 Sept 17 1.170 $5.00 Sep 20 585 94.00 Sept 20 540 55.00 Sept 20 630 55.00 Instructions: Under the periodo inventory system complete the following table Round all answers to the nearest dollar. Use a design and comma in your answers. For example your a wer should be written in the following format 400, D

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