Business, 08.04.2021 19:00 biancasamadp3usfw

Consider the following set of transactions occurring during the month of May for Bison Consulting Company. For each transaction, indicate the impact on (1) the balance of cash, (2) cash-basis net income, and (3) accrual-basis net income for May. a. Receive $1,500 from customers were Med for services in April.
b. Provide $3,200 Of consulting services to a local business. Payment is expected until June.
c. Purchase Office supplies for $400 on account All supplies are used by the end of May.
d. Pay $600 to workers $400 is for work In May and $200 is for work in April.
e. Pay $200 to advertise in a local newspaper In May.

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Consider the following set of transactions occurring during the month of May for Bison Consulting Co...

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