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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 $3,750
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 $3,750 cash in salaries for 2016
- Purchased airline tickets for $500 in December for a trip to take place in 2017
What is La More's 2016 net income using accrual accounting?
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Managerial Accounting Tools For Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly
5th Canadian Edition
1119403995, 9781119403999
