Performed services for clients on account, Accounting Basics

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Performed services for clients on account

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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Accounting Basics: Performed services for clients on account

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Recent Questions Asked Accounting Basics

Q : What is profit on the special order

Q : What is the payback period for this investment

Q : How confidence in results increase if sample size is given

Q : How closely does the ending inventory amount reflect

Q : Performed services for clients on account

Q : Create confidence interval for mean age of smokers

Q : Determine unamortized discount on the bonds

Q : Calculate the strength of the electric field

Q : What is the net effect of these transactions

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Performed services for clients on account

Reference No:- TGS0684095

Recent Questions Asked Accounting Basics

Q : What is profit on the special order

Q : What is the payback period for this investment

Q : How confidence in results increase if sample size is given

Q : How closely does the ending inventory amount reflect

Q : Performed services for clients on account

Q : Create confidence interval for mean age of smokers

Q : Determine unamortized discount on the bonds

Q : Calculate the strength of the electric field

Q : What is the net effect of these transactions

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