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La More Company had the following transactions during 2016. Sales of $9,000 on account Collected $4,000 for services to be performed in 2017 Paid $2,650
La More Company had the following transactions during 2016. Sales of $9,000 on account Collected $4,000 for services to be performed in 2017 Paid $2,650 cash in salaries Purchased airline tickets for $500 in December for a trip to take place in 2017 What is La More's 2016 net income using cash basis accounting? A. $9,850 B. $850 C. $1,350 D. $10,350
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Financial Accounting
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
8th edition
978-1118953907, 9781118953808, 1118953908, 1118953800, 978-1119491057
