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The Free Clinic expects to charge $3,000 for services provided in June but to collect only $1,250 during the month. The remainder will be collected

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The Free Clinic expects to charge $3,000 for services provided in June but to collect only $1,250 during the month. The remainder will be collected in July. The clinic expects to use $2,500 worth of medical supplies but to pay its supplier only $1,750 in June. The balance will be paid in July. Does the clinic appear more profitable on a cash or accrual basis? Please show all your calculations for full credit

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