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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?
Bank Service Charge
A fee charged by a bank to a customer for account maintenance or other banking services.
NSF
An acronym for Non-Sufficient Funds, referring to a situation where a bank account does not have enough money to cover a presented check or withdrawal.
Monthly Service Charge
A fee charged by a financial institution or service provider on a monthly basis for the maintenance of an account or provision of a particular service.
Bank Reconciliation
The process of comparing and adjusting the bank statement balance with the book balance of a company to account for differences.
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