Question: Hello tutor please given General accounting question answer do fast and properly explain all answer XYZ Company had the following transactions in 2021: - Sales

Hello tutor please given General accounting question answer do fast and properly explain all answer

XYZ Company had the following transactions in 2021: - Sales of $12,000 on account. - Collected $5,000 for services to be performed in 2022. - Paid $4,200 in salaries for 2021. - Purchased office equipment for $800 in December, to be used in 2022. What is XYZ's 2021 net income using accrual accounting

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