Originally Posted by
krystam1129
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 $34,331. If this firm had followed accrual basis accounting practices, it would have reported the following year-end balances.
2012 2011
Accounts receivable $3,028 $2,157
Supplies on hand 1,250 907
Unpaid wages owed 1,389 2,406
Other unpaid amounts 1,376 1,580
Determine the company's net earnings on an accrual basis for 2012.
$
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