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1. Kelly Company had the following transactions during 2019. Provided services, $4,500 on account Collected $2,000 for services to be performed in 2020 Paid $625

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1. Kelly Company had the following transactions during 2019. Provided services, $4,500 on account Collected $2,000 for services to be performed in 2020 Paid $625 cash in salaries in 2019 Paid $250 dividends in 2019 What is Kelly's 2019 net income using accrual accounting? $3,875 $5,875 $5,625 $3,625

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