What is bonita net income using cash base accounting, Accounting Basics

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What is bonita net income using cash base accounting

Question: Bonita company had the following transactions during 2020: sales of $4400 on account, collected $2400 for services to be performed in 2021, paid $1640 cash in salaries, purchased airline tickets for $250 in December for a trip to take place in 2021. What is Bonita's 2020 net income using cash base accounting? $4910, $5160, $760, $510?

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Accounting Basics: What is bonita net income using cash base accounting

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