tion b Ryder Industries had cash basis expenses of $500,000 during 2020. In preparing accrual basis income statements, the firm determined that Prepaid Interest was $3,500 at the beginning of the year and $6,000 at the end of the year. Interest payable was $4,000 at the beginning of the year and $8,000 at the end of the year. When the accrual basis income statement is prepared, what is the amount of accrual basis operating expenses? D A $493,500 $506,500 $501,500 0.5498,500