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Speedy Corporation had the following transactions during December 2019: 1. Performed services for cash of $100,000. 2. Received $8,000 cash from a customer for services

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Speedy Corporation had the following transactions during December 2019: 1. Performed services for cash of $100,000. 2. Received $8,000 cash from a customer for services to be performed in 2019. 3. Performed services on account of $90,000. 4. Paid $45,000 of operating expenses. 5. Paid $3,000 for rent for the first 3 months of 2019. 6. Accrued $12,000 of employee salaries, with payment due in 2019. 7. Used landscape services costing $4,000. with payment due in 2019. Which of these transactions would Speedy use to calculate Net Income for 2019? Multiple Choice 1.2.4, and 5 only 1,3,4,6, and 7 only All of them 1.3.4 and 6 only

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