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Very confused with this question Tasty Treats is a small ice cream retail store. Its first month's operations resulted in the following activity. Based on
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Tasty Treats is a small ice cream retail store. Its first month's operations resulted in the following activity. Based on the information provided, prepare a simple income statement based on cash activity (Cash Basis Accounting) in the second column and revenue earned and actual expenses incurred (Accrual Accounting) in the third column. Note: 1. Round decimals to the nearest whole number. (Rule: If the number behind the decimal point is 5 or more, it is rounded up to the next whole number) 2. Use a comma separator in any number above 999 for you to read easily. However, it does not influence grading to not use the comma separator. 3. Do not insert dollar signs in your answer. that some answers were left blank, but that's okayStep by Step Solution
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