Wildhorse Co. had the following transactions during 2021: • Sales of $9720 on account • Collected $4320 for services to be performed in 2022 • Paid $4050 cash in salaries for 2021 • Purchased airline tickets for $540 in December for a trip to take place in 2022 What is Wildhorse's 2021 net income using accrual accounting? $5670 $9990 $6210 $10530

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Wildhorse Co. had the following transactions during 2021:

• Sales of $9720 on account
• Collected $4320 for services to be performed in 2022
• Paid $4050 cash in salaries for 2021
• Purchased airline tickets for $540 in December for a trip to take place in 2022

What is Wildhorse's 2021 net income using accrual accounting?

$5670

$9990

$6210

$10530

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