Reference no: EM132460563
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 2022 are $31,500. If this firm had followed accrual-basis accounting practices, it would have reported the following year-end balances.
2022 2021
Accounts receivable $3,200 $2,800
Supplies on hand 1,620 1,800
Unpaid wages owed 2,380 2,370
Other unpaid expenses 1,320 1,090
Question 1: Determine the company's net earnings on an accrual basis for 2022.
Question 2: Net earnings on an accrual basis for 2022....??