At the end of February 2016, Accounting Service had the following accounts: Cash Trucks Equipment $26,000 $29,500 $16,600 Accounts Payable $19,000 By the end the month, this company had: $66,000 in Revenues, $3,300 in Utilities Expenses, $450 in Phone Expenses, and $4,500 in Salaries Expenses. Calculate the net income to be reported by the company at the end of this month.

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At the end of February 2016, Accounting Service had the following accounts:
Cash
Trucks
Equipment
$26,000
$29,500
$16,600
Accounts Payable $19,000
By the end the month, this company had: $66,000 in Revenues, $3,300 in Utilities
Expenses, $450 in Phone Expenses, and $4,500 in Salaries Expenses.
Calculate the net income to be reported by the company at the end of this month.
Transcribed Image Text:At the end of February 2016, Accounting Service had the following accounts: Cash Trucks Equipment $26,000 $29,500 $16,600 Accounts Payable $19,000 By the end the month, this company had: $66,000 in Revenues, $3,300 in Utilities Expenses, $450 in Phone Expenses, and $4,500 in Salaries Expenses. Calculate the net income to be reported by the company at the end of this month.
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