How JustAnswer Works:

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.

Ask linda_us Your Own Question

linda_us, Master's Degree
Category: Business and Finance Homework
Satisfied Customers: 7291
Experience:  A tutor for Business, Finance, Accounts and other related topics.
Type Your Business and Finance Homework Question Here...
linda_us is online now
A new question is answered every 9 seconds

Governmental and Non Profit Accounting

This answer was rated:

Record each of the following transactions on 1. the Cash Basis, 2. The Modified Accrual Basis, and 3. the Accrual Basis. January 1 Billed customers $4,000 for services rendered 3 Purchased $500 of supplies on account 5 Purchased a truck costing $30,000 (to be paid on Feb 3) 11 Collected $2,000 from customers on account 15 Recorded accrued wages to date, $3,000 17 Paid for supplies 21 Paid wages February 3 Paid for the truck 5 $200 of supplies have been used 6 Depreciation on the truck for the month was $500. Set it up like this: Date Accounts Cash Basis (Dr,Cr) Modified Accrual Basis (Dr, Cr) Accrual Basis (Dr,Cr)

I would be happy to help you with your question today.
I will post the solution in an hour.
Customer: replied 3 years ago.

Thank you... could you also try to explain things rather than just doing it? I really appreciate your help, I have been struggling with this problem all day and it is due tonight. Thanks again!!

linda_us and other Business and Finance Homework Specialists are ready to help you