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Toole Company Had the Following Transactions During 2016 \bullet Sales of $4200 on Account

question 20

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Toole Company had the following transactions during 2016:
\bullet Sales of $4200 on account
\bullet Collected $2500 for services to be performed in 2017
\bullet Paid $1580 cash in salaries
\bullet Purchased airline tickets for $350 in December for a trip to take place in 2017
What is Toole's 2016 net income using accrual accounting?

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