c Inventory 680 Gain on sale 400 Sales revenue 1,080 HD accounts receivable 1,080 Sales revenue Gain on sale e n zo bolno sono 680 400 On June 1, Royal Corp. began operating a service company with an initial cash investment by shareholders of $3,206,000. The company provided $7,600,000 of services in June and received full payment in July, Royal also incurred expenses of $3,032,000 in June that were paid in August. During June, Royal paid its shareholders cash dividends of $589,000. What was the company's income before income taxes for the two months ended July 31 under the following methods of accounting? Cash alolden Arcu Cash Basis Accrual Basis rasis bloco $ 4,568,000 $ 4,568,000 Iunieve - 7,00 . S 7,774,000 $ 3,979,000 $ 7,600,000 $4,568,000 ilding and $ 7.600.000 $ 3.979,000 July uve- 7,600,000 Shades A. Option a. 000.00 B. Option b. July exp - az C. Option e. 7,600,00000.2 2.5 . Option d. 100 "ummy Foods purchased a two-year fire and extended coverage insurance policy on August 18, and charged the $3,120 premium to Insurance expense. At its December 31, 2018, year- Yummy Foods would record which of the following adjusting entries? August 2012 repaid insurance Insurance expense Tot 650 Dr Insurance urb CrCash Ban 3 650 650 surance expense naid insurance AJE Due 31, 2018 2,470