A company maintains its records using accrual basis accounting; however, their accountant wants to create a statement of cash flows and needs to determine the cash flow from operating activities. For simplicity, we assume only one expense account (salaries). The following is data gathered from their records. Complete the T-accounts for ACCOUNTS RECEIVABLE and SALARIES PAYABLE to help answer questions \#1 \&2. NOTE: ALL SERVICES PROVIDED ARE ON ACCOUNT AND SALARIES EXPENSE ARE RECORDED BEFORE THEY ARE PAID. 1. Determine the amount of cash collected from customers during the period: $ 2. Determine the amount for cash paid for salaries during the period: $ 3. Determine accrual basis net income for the period: $ 4. Determine cash basis net income for the period: $
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