Wildhorse Co. had the following transactions during 2021: • Sales of $9720 on account • Collected $4320 for services to be performed in 2022 • Paid $4050 cash in salaries for 2021 • Purchased airline tickets for $540 in December for a trip to take place in 2022 What is Wildhorse's 2021 net income using accrual accounting? $5670 $9990 $6210 $10530
Wildhorse Co. had the following transactions during 2021: • Sales of $9720 on account • Collected $4320 for services to be performed in 2022 • Paid $4050 cash in salaries for 2021 • Purchased airline tickets for $540 in December for a trip to take place in 2022 What is Wildhorse's 2021 net income using accrual accounting? $5670 $9990 $6210 $10530
Chapter9: Accounting For Receivables
Section: Chapter Questions
Problem 10EB: Starlight Enterprises has net credit sales for 2019 in the amount of $2,600,325, beginning accounts...
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Wildhorse Co. had the following transactions during 2021:
• Sales of $9720 on account
• Collected $4320 for services to be performed in 2022
• Paid $4050 cash in salaries for 2021
• Purchased airline tickets for $540 in December for a trip to take place in 2022
What is Wildhorse's 2021 net income using accrual accounting?
$5670
$9990
$6210
$10530
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