Question: Giden the data below for a firm in its first year of operation, determine net income under the accrual basis of accounting $14820 2340 Revenue

Giden the data below for a firm in its first year of operation, determine net income under the accrual basis of accounting $14820 2340 Revenue recognized Accounts receivable Expenses incurred Accounts payable (related to expenses) Supplies purchased with cash 5660 590 1404 $7410 $9506 $9160 $10910

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