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Q1) Read the question below, then answer the following questions: State the total amounts of Revenue, Expenses, and Net Income for the month of
Q1) Read the question below, then answer the following questions: State the total amounts of Revenue, Expenses, and Net Income for the month of November. Please show your work. (5 points). Reid Cleaners follows the accrual basis of accounting for revenue and expenses. The following Data were collected for Reid Cleaners for the month of November: -Payments received on previous A/R accounts. $2400 -Cash received for cleaning services performed this month, $6000 -Cleaning services performed on Account (A/R) $3000 Payments made on previous A/P accounts, $3000 -Expenses of this month paid in cash. $4000 Expenses incurred this month that remain unpaid at the end of the month, $3200
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