Question 2\

1pts

\ A company had the following transactions:\ Receive cash in advance from customers,

$400

.\ Provide services to customers on account,

$500

.\ Pay cash for maintenance costs in the current period,

$100

.\ Incur (but do not pay) workers' salaries in the current period,

$200

.\ Calculate accrual-basis net income from these transactions.\

$200

\

$600

\

$400

\

$500

\

$300

A company had the following transactions: 1. Receive cash in advance from customers, $400. 2. Provide services to customers on account, $500. 3. Pay cash for maintenance costs in the current period, $100. 4. Incur (but do not pay) workers' salaries in the current period, $200. Calculate accrual-basis net income from these transactions. $200 $600 $400 $500 $300