Question
La More Company had the following transactions during 2013: 1)Sales of $4,500 on account, 2) Collected $2,000 for services to be performed in 2014, 3)Paid
La More Company had the following transactions during 2013: 1)Sales of $4,500 on account, 2) Collected $2,000 for services to be performed in 2014, 3)Paid $1,875 cash in salaries for 2013, 4)Purchased airline tickets for $250 in December for a trip to take place in 2014. What is La More's 2013 net income using accrual accounting?
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Auditing Assurance And Risk
Authors: W Robert Knechel, Steven E Salterio
4th Edition
1315531720, 9781315531724
