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Use the following transactions to answer questions 17 - 19 Determine the amount of revenue or expense that would be reported at the time of

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Use the following transactions to answer questions 17 - 19 Determine the amount of revenue or expense that would be reported at the time of the transaction under the two methods. An example transaction has been completed for you. Example: Purchased office supplies for cash, $440 Transaction Accrual-basis Revenue Expense Cash-basis Revenue | Expense $o $0 $440 example Purchased office supplies for cash, $440 (no accrued expense, hasn't been used yet...cash flowed for the operating cost so it's a cash expense) Pay $30,000 for workers' salaries for the current month. Pay $7,000 for insurance one year in advance. Pay $25,000 in dividends to stockholders

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