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What is Brambles net income using accrual accounting

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Reference no: EM132504410

Question - Bramble Company had the following transactions during 2020:

Sales of $4600 on account.

Collected $2100 for services to be performed in 2021.

Paid $1600 cash in salaries.

Purchased airline tickets for $260 in December for a trip to take place in 2021.

What is Bramble's 2020 net income using accrual accounting?

a. $2740.

b. $4840.

c. $3000.

d. $5100.

Reference no: EM132504410

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