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Business, 10.10.2019 21:00 cierramcdonald

Pina colada industries collected $105,000 from customers in 2019. of the amount collected, $25,700 was for services performed in 2018. in addition, pina colada performed services worth $40,700 in 2019, which will not be collected until 2020. pina colada industries also paid $72,900 for expenses in 2019. of the amount paid, $30,500 was for expenses incurred on account in 2018. in addition, pina colada incurred $43,200 of expenses in 2019, which will not be paid until 2020. compute 2019 cash-basis net income.

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Pina colada industries collected $105,000 from customers in 2019. of the amount collected, $25,700 w...
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