On June 28, Company A provided consulting services to a customer. Company A billed the customer $800 on July 2 for these services. On July 5, the customer paid the invoice in full. Company As only cost related to this sale was $250 in Salaries Expense. Company A paid the salaries on July 3. Assuming Company A has a June 30 year end and uses accrual basis of accounting, the companys profit for the consulting job on the June 30 financial statements should be:

Select one:

a.

$0

b.

$800

c.

$250

d.

$1,050

e.

$550