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Rebel Technology maintains its records using cash-basis accounting During the year, the company received cash from customers, $50,000, and paid cash for salaries. $21, 900.

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Rebel Technology maintains its records using cash-basis accounting During the year, the company received cash from customers, $50,000, and paid cash for salaries. $21, 900. At the beginning of the year, customers owe Rebel $1, 100. By the end of the year, customers owe $8,000. At the beginning of the year. Rebel owes salaries of $7,000. At the end of the year. Rebel owes salaries of $4.000. Determine cash-basis net income and accrual-basis net income for the year

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