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Pack had the following transactions for 2006 sales on

Question - Pack had the following transactions for 2006.

Sales on account, $6,000
Collected $2,100 for services to be performed in 2007
Paid $800 cash in salaries
Purchased tickets in December for $500 for a 2007 trip

What's Pack's 2006 net income using accrual accounting?

A. $7,300

B. $5,200

C. $6,800

D. $4,700

E. $5,500

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Accounting Basics: Pack had the following transactions for 2006 sales on

Reference No:- TGS02603610

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