/1 View Policies Current Attempt in Progress A company using the cash basis of accounting reports net income for 2022 of $45,460, If the company had used the accrual basis of accounting it would have reported the following year-end balances: 2022 2019 Accounts receivable $3,850 $5,100 Supplies 1.740 1,950 Salaries and wages payable 3,600 2.250 Other unpaid amounts 2.400 2.100 Determine the company's net income under the accrual basis of accounting. Use the column headings shown below. (If an amount reduces Net Income then enter using either a negative sign preceding the number e.3. 45 or parentheses es. (45.) Explanation Cash basis net income The In accounts receivable would be included in cash basis net income, but not accrual basis net income The In supplies would not be included in cash basis net income The + in salaries payable would be deducted in accrual basis encome Other unpaid amounts 2,400 2.100 Determine the company's net income under the accrual basis of accounting. Use the column headings shown below. (If an amount reduces Net Income then enter using either a negative sign preceding the number eg. 45 or parentheses es. (45).) Explanation Cash basis net income The in accounts receivable would be included in cash basis net income, but not accrual basis net income The in supplies would not be included in cash basis net income The in salaries payable would be deducted in accrual basis net income The . in other unpaid amounts would be deducted in accrual basis net income Accrual basis net income e Textbook and Media Attempts:0 of 3 used Sunt Are Savetor Later Using multiple attempts will impact your score, 25% score reduction atter attempt 2 MurBook