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Red Wings, Inc, maintains their accounting records on a cash basis. The following information is provided for 2017: 5 100 5 Decrease in Wages Payable
Red Wings, Inc, maintains their accounting records on a cash basis. The following information is provided for 2017: 5 100 5 Decrease in Wages Payable from 1/1 to 12/31 Cash Collected from Customers 12/31 Accounts Receivable 12/31 Accounts Payable Cash paid to vendors 1/1 Accounts Payable 1/4 Accounts Receivable 12/31 Prepaid Insurance Cash Paid for Wages and Insurance 1/1 Prepaid Insurance NOONG 30 Accrual basis 2017 Revenues are: Select one: a $100 b. $105 c. $92 d. $97 e $103
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