In September, Harbor Mart Inc. reported the following: • . • Revenue from sales: $75,000 Cost of goods sold: $42,000 Operating expenses: $6,000 Rent revenue: $2,000 Gain on sale of equipment: $1,500 What is the net income for September?

In September, Harbor Mart Inc. reported the following: • . • Revenue from sales: $75,000 Cost of goods sold: $42,000 Operating expenses: $6,000 Rent revenue: $2,000 Gain on sale of equipment: $1,500 What is the net income for September?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 9PB: Amusement tickets estimated sales are: What are the balances in accounts receivable for April, May,...

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I am looking for the correct answer to this financial accounting problem using valid accounting standards.

In September, Harbor Mart Inc. reported the
following:
•
.
•
Revenue from sales: $75,000
Cost of goods sold: $42,000
Operating expenses: $6,000
Rent revenue: $2,000
Gain on sale of equipment: $1,500
What is the net income for September?

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