Melody's Piano School Operations for the Month of May Were

Multiple Choice

Melody's Piano School operations for the month of May were limited to the following transactions:
-Provided $400 of piano lessons to students who paid in cash.
-Provided $100 of piano lessons on account.
-Collected $300 from students who took piano lessons during April.
-Paid April's piano rental bill of $100.
-Received May's piano rental bill of $150 and set it aside for payment in June.
-Use the information above to answer the following question.Assuming the company uses accrual basis accounting,what is net income for May?

A) $400.
B) $300.
C) $350.
D) $600.