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What is the company net income using accrual accounting

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Reference no: EM132555817

A Company had the following transactions during 2016:

Sales of $8,000 on account

Collected $4,000 for services to be performed in 2017

Paid $2,000 cash in salaries for 2016

Purchased airline tickets for $500 in December for a trip to take place in 2017

Question 1: What is the company's 2016 net income using accrual accounting?

Reference no: EM132555817

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