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Business, 08.10.2019 00:30 meganwintergirl

Jules & associates had the following information available related to revenues and expenses for the current period: services provided for cash - $123,000 services provided on account - $240,000 expenses paid in cash - $140,000 expenses incurred on account - $42,000 assuming no subsequent collection or payment for revenues and expenses on account, what is jules & associates net income under both the cash and accrual basis of accounting?

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