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Business, 06.09.2019 17:20, greend0719
Melody's piano school operations for the month of may are summarized in the following three transactions: - provided $1,150 of instruction to students. - of the $1,150 of instruction provided in may, $900 is collected in cash, and an additional $675 is collected for lessons provided in april. - paid april’s piano rental bill of $500. received may’s bill of $550 but did not pay. what is melody's net income for may using the cash basis of accounting?
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