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Bramble Company had the following transactions during 2020: Sales of $4600 on account Collected $2100 for services to be performed in 2021 Paid $1600 cash
Bramble Company had the following transactions during 2020:
- Sales of $4600 on account
- Collected $2100 for services to be performed in 2021
- Paid $1600 cash in salaries
- Purchased airline tickets for $260 in December for a trip to take place in 2021
What is Bramble's 2020 net income using accrual accounting?
$2740.
$4840.
$3000.
$5100.
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Managerial Accounting
Authors: Wendy M. Tietz, Louis Beaubien, Karen W. Braun
3rd Canadian edition
