Blue Spruce Corp. had the following transactions during 2016: Sales of $10440 on account Collected

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Blue Spruce Corp. had the following transactions during 2016:

• Sales of $10440 on account

• Collected $4640 for services to be performed in 2017

• Paid $4350 cash in salaries for 2016

• Purchased airline tickets for $580 in December for a trip to take place in 2017.

What is Blue Spruce's 2016 net income using accrual accounting?

Related Book For answer-question

Fundamentals of Financial Accounting

ISBN: 978-0078025914

5th edition

Authors: Fred Phillips, Robert Libby, Patricia Libby

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Posted Date: Jan 19, 2021 03:28 PM

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Blue Spruce Corp. had the following transactions during 2016: Sales of $10440 on account Collected

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Sales 1 0440 Ser... View the full answer

Fundamentals of Financial Accounting

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