multiple statements cash & accrual - recreate BOTH A CASH&ACCRUAL; basis income

Question

multiple statements cash & accrual - recreate BOTH A CASH&ACCRUAL; basis income statement(S) and BOTH A CASH BASIS&ACCRUAL; balance sheet(S) as of January 1: show each statement individually 1. Pays $6,000 in advance or 3 months rent 2. Purchase 40 computers at cost 0f $1,500 each, 6 graphic computers at cost $2,500 each, and 25 printers at cost $300 each, paying upon delivery 3. Sales Repair and Office employees earns $12,600 in salaries during January, which $3000 was still payable at end of month 4. Sells 30 computers 2,550 ea,4 graphic computers for $3,600 each ;15printers @ $500 ea; $75,000 received in cash in January, and $23,400, sold on a deferred payment basis 5. operating expenses of $8,400 incurred & paid for during January, $2,000 of incurred expenses are payable at January 31

Explanation / Answer

5. operating expenses of $8,400 incurred & paid for during January, $2,000 of incurred expenses are payable at January 31

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