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Accrual Basis vs. Cash Basis

Daisy Political Consultants has been in existence for many years.

Daisy Political Consultants has been in existence for many years. During the month of November, the following events occurred. 1) The owners contributed an additional $6,500 to the business to finance an expansion of operations. 2) Consulting Services totaling $11,000 were performed on credit during November and billed t

Effect of transactions on measurements (cash, accrual)

For each of the following transactions, indicate by what amount each of these types of measurements would be affected. Use parentheses to indicate that an event would cause a decrease. If an event does NOT involve an operating activity, place a zero in the spaces provided. The time period covered is the current month.