What is Sunland net income using accrual accounting

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Reference no: EM132686962

Question - Sunland Company had the following transactions during 2021:

Sales of $8640 on account

Collected $3840 for services to be performed in 2022

Paid $3600 cash in salaries for 2021

Purchased airline tickets for $480 in December for a trip to take place in 2022

Required - What is Sunland's 2021 net income using accrual accounting?

a. $5520

b. $5040

c. $8880

d. $9360

Reference no: EM132686962

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