Question: QUESTION 33 After going private, Dell decided to use the cash basis accounting to simplify things. The company received $100,000 in cash from customers during
QUESTION 33 After going private, Dell decided to use the cash basis accounting to simplify things. The company received $100,000 in cash from customers during 2011 Dell also paid $10,000 for rent during 20x1. Considering this and using the following information, determine the amount of accrual-basis revenue Dell should recognize for 2011 1/1 12/31 $13,000 4,000 Accounts receivable Unearned revenue Prepaid rent Rent Payable $10,000 6,000 2,000 3,000 3,000 5,000 1. Determine the amount of cash-basis revenue Dell should recognize for 2011 2. Determine the amount of accrual basis revenue Dell should recognize for 2011 3. Determine cash-basis ront expense Dell should recognize for 2011 4. Determine accrual basierent expense Dell should recognize for 2011 Express your answer as an integer without sign (Round all computations to the nearest dollar. For example, Input 100.000" #your answer is $100,000 22)
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