A company provided consulting services to a customer on July 27. The company follows accrual basis of accounting. Assume that the companys only cost related to this project was $330 in Salaries Expense. On August 1, the company billed the customer for $600 for the consulting project. On August 21, the customer paid the companys invoice in full. If the company has a July 31 year end, the companys profit for the customer job in the July 31 financial statements would be:

Select one:

a.

$600 profit

b.

$330 loss

c.

$0 profit

d.

$270 profit

e.

$930 profit

Clear my choice