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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 cash-basis 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 cash-basis earnings in 2017 are $35,000. If this firm had followed accrual-basis accounting practices, it would have reported the following year-end balances Accounts receivable Supplies on hand Unpaid wages owed Other unpaid expenses 2017 $3,200 1,360 2,500 1,570 2016 $2,600 1,790 2,620 1,280 Determine the company's net earnings on an accrual basis for 2017. Net earnings on an accrual basis for 20127
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