stepherivera stepherivera
  • 09-02-2024
  • Business
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The ABC Co. delivered $5,000 worth of window washing services in 2021 but only collected $4,300 in cash from customers that year. Its only expense is payroll, for which it paid $3,500 in 2021. At the end of the year, it had $550 in unpaid payroll. What would its net income be under cash accounting

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