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explain TB Ex Qu. 3-225 The following data are taken from... The following data are taken from the cash basis accounting records of Myerson Company
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TB Ex Qu. 3-225 The following data are taken from... The following data are taken from the cash basis accounting records of Myerson Company for the year ended December 31, 2020 Selected Data of December 31, 2021 Cuetoners billed in 2021 for services provided Cash collections in 2021 for accounts billed in 2020 can collectione in 2021 for accounts billed in 2021 Cash paid for supplies purchaned in 2021 Supplies remaining at the end of 2021 Cash paid for salaries in 2021 Cash paid for annual rent on March 1, 2021 5500,000 27,000 270,000 12,000 2.500 12.500 25,000 Calculate the amount of revenues and expenses for 2021 under accrual-basis accounting, (Round your final answers to the nearest whole dollar.) Accrual basis revenues Accrual basis expenses Step by Step Solution
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