Question: Paragraph St 9. (5 points) Explain the difference between accrual basis accounting and cash basis accounting. 10. (5 points) List the four basic types of

Paragraph St 9. (5 points) Explain the difference between accrual basis accounting and cash basis accounting. 10. (5 points) List the four basic types of accounts that require adjusting entries and give an example of each. 11. (10 points) Softex and Sanibel Solutions are manufacturers of cotton products. Their income statements for a current year are below. Prepare a Vertical analysis. Discuss the trends Softe Sanibel Solutions $1,985.00 (1,046.000 (592,500 $2,456,000 (1,375,360 Selling, general, and administrative (785,920 (103,500 191,220 evenues Cost of services (expense) Depreciation and other expenses Operating income (119,100 227.400

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