Wlton company had the following transactions during 2010 , Ask an Expert

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Wilton Company had the following transactions during 2010.
* Sales of $5,400 on sold on account account
* Collected $2,400 for services to be performed in 2011
* Paid $ 1,250 cash in salaries
* Purchased airline tickets for $300 in December 2010 for a trip will not take place until 2011.
What is Wilton's 2010 net income using accrual accounting?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9957001

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