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Find what is la more net income using accrual accounting

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Reference no: EM132675292

La More Company had the following transactions during 2016:

Sales of $9,000 on account
Collected $4,000 for services to be performed in 2017
Paid $3,750 cash in salaries for 2016
Purchased airline tickets for $500 in December for a trip to take place in 2017

Problem 1: What is La More's 2016 net income using accrual accounting?

Reference no: EM132675292

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