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Crue Company Had the Following Transactions During 2015

Question 53

Multiple Choice

Crue Company had the following transactions during 2015:
-Sales of $4,800 on account
-Collected $2,000 for services to be performed in 2016
-Paid $1,625 cash in salaries
-Purchased airline tickets for $250 in December for a trip to take place in 2016
What is Crue's 2015 net income using accrual accounting?


A) $2,925.
B) $3,175.
C) $4,925.
D) $5,175.

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