Solved: La more company had the following transactions during 2016, Accounting Basics

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La more company had the following transactions during 2016

Question - La More Company had the following transactions during 2016:

Sales of $9,000 on account
Collected $4,000 for services to be performed in 2017
Paid $3,750 cash in salaries for 2016
Purchased airline tickets for $500 in December for a trip to take place in 2017

What is La More's 2016 net income using accrual accounting?

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Accounting Basics: La more company had the following transactions during 2016

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Accounting Basics: La more company had the following transactions during 2016

Reference No:- TGS02475386

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