Show me the steps to solve Rose maintains its records on a cash basis you have been engaged to convert its cash basis income statement to the accrual basis the cash basis income statement along with additional information follows
Income Statement cash basis
For the year ended December
Cash receipts for customers
cash payments
salaries and wages
income taxes
utilities and rent
net income
Additional information
balances at
accounts receivable $ $
salaries and wages payable $ $
income taxes payable $ $
utilities and rent payable $ $
accumulated depreciation $ $
no plant assets were sold during Compute net income on an accrual basis
