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50. During the month of Marc, Weimar World, a tax-preparation service, had the following transactions - Billed $396,800 in revenues on credit - Received $131,200
50. During the month of Marc, Weimar World, a tax-preparation service, had the following transactions - Billed $396,800 in revenues on credit - Received $131,200 from customers' accounts receivable - Incurred expenses of $155,200 but only paid $70,160 cash for these expenses - Prepaid $25,776 for computer services to be used next month What was the company's accrual basis net income for the month? A) $241,600 B) $215,824 C) $44,384 D) $326,640 E) None of these are correct
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