Crue Company had the following transactions during 2013: Sales of $4,500 on account Collected $2,000 for services to be performed in 2014 Paid $1,625 cash in salaries Purchased airline tickets for $250 in December for a trip to take place in 2014 What is Crue's 2013 net income using accrual accounting? A. $4,625 B. $4,875. C. $2,625. D. $2,875.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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What is crue's 2013 net income using accrual accounting ?

Crue Company had the following transactions during 2013:
Sales of $4,500 on account
Collected $2,000 for services to be performed in 2014
Paid $1,625 cash in salaries
Purchased airline tickets for $250 in December for a trip to
take place in 2014
What is Crue's 2013 net income using accrual accounting?
A. $4,625
B. $4,875.
C. $2,625.
D. $2,875.
Transcribed Image Text:Crue Company had the following transactions during 2013: Sales of $4,500 on account Collected $2,000 for services to be performed in 2014 Paid $1,625 cash in salaries Purchased airline tickets for $250 in December for a trip to take place in 2014 What is Crue's 2013 net income using accrual accounting? A. $4,625 B. $4,875. C. $2,625. D. $2,875.
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