Question
La More Company had the following transactions during 2016: Sales of $4,500 on account Collected $2,000 for services to be performed in 2017 Paid $1,375
La More Company had the following transactions during 2016:
Sales of $4,500 on account
Collected $2,000 for services to be performed in 2017
Paid $1,375 cash in salaries for 2016
Purchased airline tickets for $250 in December for a trip to take place in 2017
What is La Mores 2016 net income using accrual accounting?
a. $3,375
b. $5,375
c. $5,125
d. $3,125
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Bookkeeping And Auditing A Career Guide
Authors: Harry Watts
1st Edition
1639878106, 1639878106
