Solved: Collected 3920 for services to be performed in 2018 what is, Accounting Basics

Collected 3920 for services to be performed in 2018 what is

Question - Bramble Corp. had the following transactions during 2017:

Sales of $8820 on account
Collected $3920 for services to be performed in 2018
Paid $3680 cash in salaries for 2017
Purchased airline tickets for $490 in December for a trip to take place in 2018

What is Bramble's 2017 net income using accrual accounting?

$5630

$5140

$9550

$9060

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Accounting Basics: Collected 3920 for services to be performed in 2018 what is

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Accounting Basics: Collected 3920 for services to be performed in 2018 what is

Reference No:- TGS02861469

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