Question

Please answer

Question 1 lof 10 Save & Ex Sutmit Time remalning: 428:40 Jim's Gymnastics Training's oparations for the month of Octobar are summaized as follaws: A Provicod S, A00 of training to studants an account B Racelved 3,500 cash from studants for training proavided in Ctaber C.Recelved $1,700 cash for training to be provided in November D.Received 54,000 cash from students on account for training provided in September E.Paid September's gym rental bill on account in the ainount of 51,100 F. Received Cctaber's rental bil of $1,300 set it aside. Required: a. Caloulate Net Income for October using the cash baeis of aoouriting. t Income b. Calculate Net Income for October using the accrual besis of aocounning.