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La More Company Had the Following Transactions During 2021

question 135

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La More Company had the following transactions during 2021.
-Sales of $9,000 on account
-Collected $4,000 for services to be performed in 2022
-Paid $2,650 cash in salaries
-Purchased airline tickets for $500 in December for a trip to take place in 2022
What is La More's 2021 net income using cash basis accounting?


Definitions:

Psychoanalysis

A therapeutic approach developed by Freud that emphasizes exploring unconscious motivations and conflicts as a means of resolving psychological distress.

Primary Ego Rule

A fundamental principle in psychoanalytic theory referring to the ego's management and regulation of impulses and desires.

Freud's View

The perspectives and theories developed by Sigmund Freud, particularly regarding the unconscious mind, dreams, and the dynamics of personality.

Psychoanalytic Theory

A theory of personality development and therapeutic framework that asserts human behavior is influenced by unconscious motives and conflicts, developed by Sigmund Freud.

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