Enrique Hill Cross School Security Services's net income for the month of April is?

Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter18: Acquiring Capital For Growth And Development
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Below are accounts were taken from the books of Enrique Hill Cross School Security Services for April. Given
the following data.
School Security Income P 380, 000.00
Salaries Expense P 55, 000.00
Rent Expense P 18, 000.00
Utility Expense P 12, 000.00
Supplies Expense P 10, 000.00
Accounts Payable P 25, 000.00
Enrique Hill Cross School Security Services's net income for the month of April is?
O a. Net loss
O b. Breakeven
Oc. Net profit
Transcribed Image Text:Below are accounts were taken from the books of Enrique Hill Cross School Security Services for April. Given the following data. School Security Income P 380, 000.00 Salaries Expense P 55, 000.00 Rent Expense P 18, 000.00 Utility Expense P 12, 000.00 Supplies Expense P 10, 000.00 Accounts Payable P 25, 000.00 Enrique Hill Cross School Security Services's net income for the month of April is? O a. Net loss O b. Breakeven Oc. Net profit
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