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The following events apply to X Company in 2012: Performed services for clients on account $9,818 Performed services for clients for cash 3,535 Incurred operating
The following events apply to X Company in 2012:
| Performed services for clients on account | $9,818 | |
| Performed services for clients for cash | 3,535 | |
| Incurred operating expenses on account | 4,710 | |
| Paid salaries to employees | 1,928 | |
| Collected cash from accounts receivable | 7,123 | |
| Paid cash on accounts payable | 3,850 | |
What was net income in 2012?
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Cima Official Exam Practice Kit Fundamentals Of Ethics Corporate Governance And Business Law Certificate In Business Accounting
Authors: Larry Mead
4th Edition
1856177092, 978-1856177092
