Question 5 La More Company had the following transactions during 2013.
Question 5 La More Company had the following transactions during 2013.
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Question 5
La More Company had the following transactions during 2013.
https://uopcourses.com/category/acc-290/
Question 5
La More Company had the following transactions during 2013.
• Sales of $4,500 on account
• Collected $2,000 for services to be performed in 2014
• Paid $1,325 cash in salaries
• Purchased airline tickets for $250 in December for a trip to take place in 2014
What is La More’s 2013 net income using cash basis accounting?
$675
$5,175
$425
$4,925
Question 5
La More Company had the following transactions during 2013.
https://uopcourses.com/category/acc-290/
Question 5
La More Company had the following transactions during 2013.
• Sales of $4,500 on account
• Collected $2,000