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Question 26 Shad Enterprises had the following transactions during 2019 Made sales of $8.000 to customers on account . Collected $2.000 from customers for services
Question 26 Shad Enterprises had the following transactions during 2019 Made sales of $8.000 to customers on account . Collected $2.000 from customers for services to be performed 2020 Paid $2,500 for salaries eamed in 2019 Purchased $2,000 in supplies of which $500 remained on hand at year end. Using accrual accounting concepts of revenue and expense recognition, what is Shad's 2019 net income? CA $3,500 OBS7.500 OC $6,000 D$4,000
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