Joe is a personal trainer he and his friends recently organized a new business Workit as a corporation. Workit provides personalized

Joe is a personal trainer, he and his friends recently organized a new business, Workit, as a corporation. Workit provides personalized training sessions for its clients. Workit has been very successful since it began just a few months ago. In June, the following transactions occured: Provided $550 of personal training sessions to clients who paid in cash. Provided $420 of personal training sessions on account. Collected $315 from clients who received training sessions during May. Paid May's utility bill of $200. Received June's utility bill of $250 and set it aside for payment in July Assuming Workit uses accrual basis accounting, calculate net income for June? Multiple Choice $935 o o $315 Assuming Workit uses accrual basis accounting, calculate net income for June? Multiple Choice $935 $315 $665 $720