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Use the following information to answer the next two questions: Transactions for S-Target Corp. for the month of September are given below: Prepaid rent for
Use the following information to answer the next two questions: Transactions for S-Target Corp. for the month of September are given below: Prepaid rent for September through to December Paid insurance for September and October Sept 1 Sept 5 Sept 12 Performed services and got paid Sept 29 Paid for advertising during Sept $1,200 $ 800 $5,200 $ 700 15. Cash basis income is: a. $3,800 b. $4,100 c. $2,500 d. $3,700 16. Accrual basis income is: a. $3,800 b. $4,100 c. $2,500 d. $3,700
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