Mine Company had the following transactions during 2019: Sales of $4,800 on account. Collected $2,000 for services to be performed in 2020. Paid $1,625 cash
Mine Company had the following transactions during 2019:
- Sales of $4,800 on account.
- Collected $2,000 for services to be performed in 2020.
- Paid $1,625 cash in salaries for wages earned in 2019.
- Purchased airline tickets for $250 in December for a trip to take place in 2020.
What is Mine Company 2019 net income using accrual accounting?
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Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara A. Trenholm, Valerie A. Kinnear, Joan E. Barlow
6th Canadian Edition
1118557328, 978-1118557327
