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.
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.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe61d0cbf-7cc6-4647-a91e-11e7283e22a0%2F26a516a7-a93c-4ac5-bf17-b4c11a52b9de%2Fym6ytzf_processed.jpeg&w=3840&q=75)
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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