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Your examination of the records of a company that follows the cash basis of accounting tells you that the company's reported cashbasis earnings in 2017
Your examination of the records of a company that follows the cash basis of accounting tells you that the company's reported cashbasis earnings in 2017 are $33,640. If this firm had followed accrualbasis accounting practices, it would have reported the following yearend balances. 2017. 2016 Accounts receivable $3,400 $2,800 Supplies on hand 1,300 1,460 Unpaid wages owed 2,000 2,400 Other unpaid expenses 1,400 1,100 Instructions Determine the company's net earnings on an accrual basis for 2017. Show all your calculations in an orderly fashion.
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