The company earned $10,000 but received only $8,000 in cash

Expenses were as follows

(i)  Rent $2,000 which was paid

(ii) Wages expense:$1,600 of which only 3 /4 was paid

(iii) Utilities expense:$700 was paid

(iv) Repairs expenses:$500 was unpaid

(v)  Stationery expenses:$200 was unpaid

(vi) Miscellaneous expenses:$100 was paid

Accrual Accounting

Cash Accounting

Revenue

Rent expense

Wages expense

Utilities expense

Repairs expense

Stationery expense

Miscellaneous expenses

Net Profit or (Loss)