Question: 2. Use the notes from the cash basis income statement for Sample Cafe in question 1 to redo it on an accrual basis. Be sure

2. Use the notes from the cash basis income statement for

Sample Cafe in question 1 to redo it on an accrual basis.

2. Use the notes from the cash basis income statement for Sample Cafe in question 1 to redo it on an accrual basis. Be sure to break out cost of goods sold from the other expenses, and include a line item for the gross margin. 3. Compare the results of the two income statements in questions 1 and 2. Were any items missing or overstated using one approach as compared to the other? Which system more accuratelyr reflects the results for the month, and why

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