During October, a sari-sari store had the following transactions involving revenue and expenses. What is the net income? Paid Php1,200 for rent Provided services for Php2,750 in cash Paid Php250 for telephone service Provided services for Php1,900 on credit Paid salaries of Php1,675 to employees Paid Php350 for office cleaning service

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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During October, a sari-sari store had the following transactions involving revenue and expenses. What is the net income?

Paid Php1,200 for rent

Provided services for Php2,750 in cash

Paid Php250 for telephone service

Provided services for Php1,900 on credit

Paid salaries of Php1,675 to employees

Paid Php350 for office cleaning service

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