Eddie Miguel commenced business offering painting and decoration service es to clients. During the 2023...

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Accounting

Eddie Miguel commenced business offering painting and decoration service es to clients. During the 2023 income year, Eddie recorded the following transactions: Cash received from clients $220,000(incl. GST) Childrens toy received from client valued at $275(Incl . GST) Fees outstanding from clients as at 30 June 2023 $5,500(incl . GST ). Calculate Eddie's assessable income for the 2023 income year. a) $205,000 b) $225,500 c) $205250 d) $224775

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