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Determine the company net income for february

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Reference no: EM133168235

Question - Tiger Stripes Art School uses the accrual basis of accounting. The company's operating activities for the month of February are summarized in the following transactions:

1. Provided $1,500 of instructional lessons.

2. Received $2,100 cash from students-of which $1,200 is for lessons provided in February, and $900 is for lessons provided in January.

3. Paid January's rental bill of $300. Received February's bill of $450 but did not pay.

Required - Determine the company's net income for February.

Reference no: EM133168235

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