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Return Stom: LO 3.5 Calculate Net Income for the month assuming Accrual Basis of...

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Accounting

Return
Stom:
LO 3.5 Calculate Net Income for the month assuming Accrual Basis of Accounting
The business is started by receiving cash from an irvestor in exchange for Common Stock
$20000
The business purchases Supplies on account, none of the Supplies were used during the month
The business purchases Furniture on Account
The business provides services to various clients "on account"
The business pays salaries for this month
The business pays rent for this month
The business collects money for various clients for services performed earlier in the month, these are payments for items that were "on account"
Net Income
t121 EM
Gy13nes4
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