RESOURCES noiples of ydterm Multiple Choice Question 81 La More Company had the

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RESOURCES noiples of ydterm Multiple Choice Question 81 La More Company had the following transactions during 2016. . Sales of $9000 on account Collected $4000 for services to be performed in 2017 . Paid $2650 cash in salaries . Purchased ice airline tickets for $500 in December for a trip to take place in 2017 ice What is La More's 2016 net income using cash basis accounting? $1350 $9850 $850 O $10350 ce Click if you would like to Show Work for this question: Qen Show Work eice tudy aglist.unilid-asnmt219447410109

Explanation / Answer

Answer is $850

Particulars Amt Cash Sales 4000 Less: Salaries 2650 Less: Travelling expense 500 Net Income 850

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