Question
Skysong, Inc. had the following transactions during 2021: Sales of $7380 on account Collected $3280 for services to be performed in 2022 Paid $3080 cash
Skysong, Inc. had the following transactions during 2021: Sales of $7380 on account Collected $3280 for services to be performed in 2022 Paid $3080 cash in salaries for 2021 Purchased airline tickets for $410 in December for a trip to take place in 2022 What is Skysong's 2021 net income using accrual accounting?
$4300
$4710
$7580
$7990
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Financial Accounting An International Introduction
Authors: David Alexander, Prof Christopher Nobes, Chris W. Nobes
4th Edition
027372164X, 978-0273721642
