Question 16 of 20

Question 16 of 20 View Policies Current Attempt in Progress Given the data below for a firm in its first year of operation. determine net income under the accrual basis of accounting. Revenue recognized Accounts receivable Expenses incurred Accounts payable (related to expenses) Supplies purchased with cash @ $12780 O $9800 o $13740 O $15460 $19900 3400 7120 720 1720