In its first year of operations, Ramirez Company recognized $31,300 in service revenue, $7,100 of which was on account and still outstanding at year-end. The remaining $24,200 was received in cash from customers. The company incurred operating expenses of $15,600. Of these expenses, $13,400 were paid in cash; $2,200 was still owed on account at year-end. In addition, Ramirez prepaid $3,230 for insurance coverage that would not be used until the second year of operations. (a) Calculate the first years net earnings under the cash basis of accounting, and accrual basis of accounting. My question is how to find the accrual basis of accounting mainly. I have found the cash basis already.