Molly's auto detailers maintains its records on the cash basis. during 2018, molly's collected $72,000 from customers and paid $21,000 in expenses. depreciation expense of $5,000 would have been recorded on the accrual basis. over the course of the year, accounts receivable increased $4,000, prepaid expenses decreased $2,000, and accrued liabilities decreased $1,000. molly's accrual basis net income was:

$49,000

Explanation:

Total Revenue:

= cash revenue + increase In accounts receivables + decrease in accrued liability

= $72,000 + $4,000 + $1,000

= $77,000

Net income accrual method:

= Total Revenue - cash expenses - depreciation expense - decrease in prepaid expenses

= $77,000 - $21,000 - $5,000 - $2,000

= $49,000

answer: i think an the punishment you did was an ok one, but i think you should tell the parents so the parents can talk to the kids.

a

explanation: