Multiple Choice
La More Company had the following transactions during 2021:
-Sales of $9,000 on account
-Collected $4,000 for services to be performed in 2022
-Paid $3,750 cash in salaries for 2021
-Purchased airline tickets for $500 in December for a trip to take place in 2022
What is La More's 2021 net income using accrual accounting?
A) $5,750
B) $9,750
C) $9,250
D) $5,250
Correct Answer:
Verified
Correct Answer:
Verified
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