La More Company had the following transactions during 2022: Sales of $9000 on account
Collected $4000 for services to be performed in 2023
Paid $3750 cash in salaries for 2017
Purchased airline tickets for $500 in December for a trip to take place in 2023
What is La More's 2022 net income using accrual accounting?
A) $5750
B) $9750
C) $9250
D) $5250
Correct Answer:
Verified
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