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Compute Net Income for Redford Inc. for the month of September 2018. Rent Expense                  $   3,600 Salaries Expenses $   1,600 Interest Expense $     600 Service Revenue $     7,200 Cleaning expense $       200

Compute Net Income for Redford Inc. for the month of September 2018. Rent Expense                  $   3,600 Salaries Expenses $   1,600 Interest Expense $     600 Service Revenue $     7,200 Cleaning expense $       200

FINANCIAL ACCOUNTING
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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The Redford company presented the balances for some of its selected accounts for the month of September as shown in the table that follows.   Compute Net Income for Redford Inc. for the month of September 2018.

Rent Expense

                 $   3,600

Salaries Expenses

$   1,600

Interest Expense

$     600

Service Revenue

$     7,200

Cleaning expense

$       200

 

Group of answer choices
$ 1,200
$ 2,000
$ 8,400
$ 2,800
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