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Kaleb, Inc. mistakenly reported its expenses of $56,673 on the cash basis. Corporate records revealed the following information: Beginning prepaid expense 1,546 Beginning accrued expense
Kaleb, Inc. mistakenly reported its expenses of $56,673 on the cash basis.
Corporate records revealed the following information:
Beginning prepaid expense | 1,546 |
Beginning accrued expense | 1,677 |
Ending prepaid expense | 1,834 |
Ending accrued expense | 1,292 |
What amount of expense should the Kaleb company report on its books under the accrual basis?
$34,250
$43,250
$56,000
$56,131
$57,000
$57,346
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