Question
Sunland Companyhad the following transactions during 2021: Sales of $8640on account Collected $3840for services to be performed in 2022 Paid $3600cash in salaries for 2021
Sunland Companyhad the following transactions during 2021:
Sales of $8640on account
Collected $3840for services to be performed in 2022
Paid $3600cash in salaries for 2021
Purchased airline tickets for $480in December for a trip to take place in 2022
What isSunland's2021 net income using accrual accounting?
$5520
$5040
$8880
$9360
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Managerial Accounting
Authors: Ray Garrison, Theresa Libby, Alan Webb
10th Canadian edition
978-1259024900
