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:
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:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
A corporation has the following account balances on December 31, 2019:
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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