Jim's gymnastics training's operations for the month of october are summarized as follows:
a. provided $9,000 of training to students on account.
b. received $3,900 cash from students for training provided in october.
c. received $1,900 cash for training to be provided in november.
d. received $4,000 cash from students on account for training provided in september.
e. paid september's gym rental bill on account in the amount of $1,200 f. received october's rental bill of $1,500; set it aside. required:
a. calculate net income for october using the cash basis of accounting.