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please answer A & B , show all scratch work and calculations used . Kuchler Corp. maintains its records on a cash basis. At the

please answer A & B , show all scratch work and calculations used . image text in transcribed
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Kuchler Corp. maintains its records on a cash basis. At the end of each year, the company's accountants must covert the information in order to prepare accrual basis financial statements. The following receipts and disbursements occurred duting the year ended December 31,2023 Ci. 1. On March 31, 2022. Kuchler lent a customer $50.000. Interest at 8% is payable annually on each March 31. Principal is due March 31, 2027 2. The annual insurance payment is paid in advance on April 30. The policy period begins May 1. 3. On October 31, 2023, Kuchier borrowed $100,000 from a locat bank and signed a promissory note stating principal and interest are due on October 31, 2026. 4. Annual rent on the facilities is paid in advance on June 30 . The rental period begins July 1. A. Prepare an accrual-basis income statement in good form for 2023. B. Determine the four balance sheet amounts that are missing above at December 31,2023

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