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What is Toole net income using accrual accounting

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Reference no: EM132251398

Question - Toole Company had the following transactions during 2020:

  • Sales of $4,200 on account.
  • Collected $2,500 for services to be performed in 2021.
  • Paid $1,580 cash in salaries.
  • Purchased airline tickets for $350 in December for a trip to take place in 2021.

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

Reference no: EM132251398

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