2019202020192020ash$1,000$1,400Accounts payable$4,100$4,800.ccounts receivable$8,000$2,400Utilities payable$2,600$2,500iventory$16,000 $24,000Salaries payable$5,500$8,200repaid rent$1,200$1,500Notes payable$24,000$30,000quipment$40,000 $40,000Interest payable$2,000$2,400.ccum. depreciation($6,000) ($7,500)Common stock$20,000$20,000and$5,000 $11,000Retained earnings$7,000$4,900$65,200 $72,800$65,200$72,800$26,000 was paid in dividends during 2020 and there was a loss on land sale of $3,000, how much'as net income from operations?$20,900$23,900$23,000$26,900None of the above

please like the answer your response matters Calculate net income Beginning retained earnings…

2019 2020 2019 2020 ash $1,000 $1,400 Accounts payable $4,100 $4,8C Lccounts receivable $8,000 $2,400 Utilities payable $2,600 $2,50 nventory $16,000 $24,000 Salaries payable $5,500 $8,20 repaid rent $1,200 $1,500 Notes payable $24,000 $30,00 quipment $40,000 $40,000 Interest payable $2,000 $2,40 Lccum. depreciation ($6,000) ($7,500) Common stock $20,000 $20,00 and $5,000 $11,000 Retained earnings $7,000 $4,9C $65,200 $72,800 $65,200 $72,8C $26,000 was paid in dividends during 2020 and there was a loss on land sale of $3,000, how much as net income from operations? O $20,900 O $23,900 $23,000 O $26,900 O Non e of the above

2019 2020 2019 2020 ash $1,000 $1,400 Accounts payable $4,100 $4,8C Lccounts receivable $8,000 $2,400 Utilities payable $2,600 $2,50 nventory $16,000 $24,000 Salaries payable $5,500 $8,20 repaid rent $1,200 $1,500 Notes payable $24,000 $30,00 quipment $40,000 $40,000 Interest payable $2,000 $2,40 Lccum. depreciation ($6,000) ($7,500) Common stock $20,000 $20,00 and $5,000 $11,000 Retained earnings $7,000 $4,9C $65,200 $72,800 $65,200 $72,8C $26,000 was paid in dividends during 2020 and there was a loss on land sale of $3,000, how much as net income from operations? O $20,900 O $23,900 $23,000 O $26,900 O Non e of the above

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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