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Establish company and nvest 1000 USD equity Purchase plain T-shirts for 4 USD Fixed screen cost of 250 USD Variable print cost of 0.65 per
Establish company and nvest 1000 USD equity Purchase plain T-shirts for 4 USD Fixed screen cost of 250 USD Variable print cost of 0.65 per T-Shirt Sold 15 T-shirt at 10 USD each for cash Sold 15 T-shirts at 10 USD each on credit If it is possible please show us cash and accrual accounting case illustration via financial statements, if not explain why?
Establish company and nvest 1000 USD equity
Purchase plain T-shirts for 4 USD
Fixed screen cost of 250 USD
Variable print cost of 0.65 per T-Shirt
Sold 15 T-shirt at 10 USD each for cash
Sold 15 T-shirts at 10 USD each on credit
If it is possible please show us cash and accrual accounting case illustration via financial statements, if not explain why?
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
