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During the month of March, Weimar World, a tax-preparation service, had the following transactions. Billed $992,000 in revenues on credit Received $328,000 from customers accounts
During the month of March, Weimar World, a tax-preparation service, had the following transactions. Billed $992,000 in revenues on credit Received $328,000 from customers accounts receivable Incurred expenses of $388,000 but only paid $175,400 cash for these expenses Prepaid $64,440 for computer services to be used next month What was the company's accrual basis net income for the month? Select one: O a. $604,000 O b. None of these are correct O C. $110,960 O d. $539,560 O e. $816,600
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