Mike Inc. had the following transactions during August: Aug 1Purchased insurance for September through December$3000 Aug 4Paid

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Mike Inc. had the following transactions during August:

Aug 1Purchased insurance for September through December$3000

Aug 4Paid for advertising that will be aired during Thanksgiving in October $600

Aug 5Performed services and received cash $6000

Aug 8Paid for utilities bill received in July $500

Aug 11Performed services on account $3900

Aug 19 Purchased computer on account$2200

What is the accrual basis income for August?

Related Book For answer-question

Government and Not for Profit Accounting Concepts and Practices

ISBN: 978-1118155974

6th edition

Authors: Michael H. Granof, Saleha B. Khumawala

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Posted Date: Apr 23, 2024 02:39 PM

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Mike Inc. had the following transactions during August: Aug 1Purchased insurance for September through December$3000 Aug 4Paid

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Government and Not for Profit Accounting Concepts and Practices

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