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Kintzinger Law Firm maintains its book on a cash basis. During 2021, the comparry collected $825,000 in fees from its cikents and paid $512,000 in

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Kintzinger Law Firm maintains its book on a cash basis. During 2021, the comparry collected $825,000 in fees from its cikents and paid $512,000 in expenses. You are able to determine the following information about accounts receivable, supplines, prepaid rent, salaries payable, and interest payable: In addition, 202t depreciation expense on office equipment is $25,000 Required: Determine accrual-basis 1.) revenue, 2) expense ond 3.) net income for 2021 Kintzinger Law Firm maintains its book on a cash basis. During 2021, the comparry collected $825,000 in fees from its cikents and paid $512,000 in expenses. You are able to determine the following information about accounts receivable, supplines, prepaid rent, salaries payable, and interest payable: In addition, 202t depreciation expense on office equipment is $25,000 Required: Determine accrual-basis 1.) revenue, 2) expense ond 3.) net income for 2021

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