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Question 34 Ren Company had the following transactions during 2021: Service Revenue of $14,400 on account. Services were performed in 2021 Paid $750 cash
Question 34 Ren Company had the following transactions during 2021: Service Revenue of $14,400 on account. Services were performed in 2021 Paid $750 cash for Supplies None of the Supplies were used in 2021. Collected $6,000 cash for services to be performed in 2022 Paid $4,875 cash in salaries for services performed by employees in 2021 What is Ren's 2021net income using accrual basis accounting? $15.525 O $8.775 O $9.525 O $14.775
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