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Question 60 1. Carly Corporation maintains its book on a cash bas. Duiver.000 provided the following information for selected account Accounts receivable Supplies Prepaid rent
Question 60 1. Carly Corporation maintains its book on a cash bas. Duiver.000 provided the following information for selected account Accounts receivable Supplies Prepaid rent Salaries payable Unearned rent revenue increased $20.000 Increased $24,000 decreased $10,000 decreased $35,000 Increased $31.000 In addition, depreciation was $55,000 Required: Determine the following Accrual Basis items. SHOW your work 1. Accrual Basis Revenues (2 points) 2. Accrual Basis Expenses (2 points) Accrual Basis Net Income (1 point) View Insert Format Tools Table CM Paragraph TO B , 00
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