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WLEAD AS Jackson and Railey are siblings who own a casual dining restaurant in the outskirts of the town Jackson likes to report his income

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WLEAD AS Jackson and Railey are siblings who own a casual dining restaurant in the outskirts of the town Jackson likes to report his income statement using cash accounting and Railey likes to report her income statement using accrual accounting. Given the following information, complete the spreadsheet below for July using both accrual accounting for Jackson and cash accounting for Railey- The restaurant generated $255,000 in revenue, but only received $180,000. . Cost of food sold was $148,000, but only $105,000 was paid to the supplier. Salaries and wages were $40,000, but only 70% was paid to employees. . Utilities expense was $10,000 and only $7,000 was paid. . Maintenance expense was $1,500, but it had been prepaid in June. . Marketing expense was $1,000 and all of it was paid. . Rent expense was $10,000 but only 60% of it was paid

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