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Your examination of the records of a company that follows

1. 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 2012 are $33,640. If this firm had followed accrual basis accounting practices, it would have reported the following year-end balances.

Instructions

Determine the company's net earnings on an accrual basis for 2012. Show all your calculations in an orderly fashion.

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Accounting Basics: Your examination of the records of a company that follows

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Accounting Basics: Your examination of the records of a company that follows

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