Question: Giken the data below for a firm in its first year of operation, determine net income under the accrual basis of accounting. Revenue recognized

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

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