Cash Basis To Accrual Basis Conversion (Example Showing Actual Calculations Required )

Detailed example for converting from cash basis to accrual basis acccounting by deteriming the change in balance sheet accounts for cash sales, revenues other than sales, purchases of inventories and other purchases and payments for operating expenses, example using beginning and end of year balnce in each account, calculate change and adjust appropriate revenue and expense account to determine the accrual basis, detailed calculations for (1) converting collections from other revenue, (2) converting collections from cash sales to accrual sales, (3) convert payments for purchases (inventory, etc.), and (4) convert cash payments for expenses to accrual operating expenses, detailed accounting calculations with balance sheet and income statement (T Account) amounts showing the conversion by Allen Mursau