A corporation has the following account balances on December 31, 2019: Accounts receivable 4,200 Advertising expense 450 Cash $500 Interest expense 400 Wages expense 2,200 Service revenue 4,500 Supplies used 240 Unused supplies 200 Net income for 2019 is:

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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A corporation has the following account balances on December 31, 2019:

Accounts receivable 4,200
Advertising expense 450
Cash $500
Interest expense 400
Wages expense 2,200
Service revenue 4,500
Supplies used 240
Unused supplies 200

Net income for 2019 is:

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