Crue Company Had the Following Transactions During 2018

question 1

Multiple Choice

Crue Company had the following transactions during 2018:
.Sales of $4,800 on account
.Collected $2,000 for services to be performed in 2019
.Paid $1,625 cash in salaries
.Purchased airline tickets for $250 in December for a trip to take place in 2019
What is Crue's 2018 net income using accrual accounting-basis after accrual?

• A) $2,925.
• B) $3,175.
• C) $4,925.
• D) $5,175.

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