Question: Using the transaction data above, prepare ( 1 ) a cash - basis balance sheet and ( 2 ) an accrual - basis balance sheet

Using the transaction data above, prepare (1) a cash-basis balance sheet and (2) an accrual-basis balance sheet as of January 31,2025.(List assets in order of liquidity)
METLOCK SALES AND SERVICE Balance sheet
January 31,2025
(1) Cash Basis
(2) Accrual Basis
Assets
Cash
Accounts Recelvable
q,
q,
q,
q,
q,
q,
q,
Total Assets
1
$
$
q,
$
q,
$
Liabilities and Owners' Equity.
Accounts Pryable $
q,
Salarles and Wages Payable
Total Liablitiles and Owner's Equity
!
$
90784
$
eTextbook and Media
List of Accounts
Using the transaction data above, prepare ( 1 ) a

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