Betsy started Betsys Flag Co. on September 1. During September, Betsy consumed the following resources: Rent ............$

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Betsy started Betsy’s Flag Co. on September 1. During September, Betsy consumed the following resources:

Rent ............$ 625

Utilities ........... 250

Supplies ..........3,000

Repairs ............1,500

Fabric ...........8,750

Wages ..........2,500

Business license ...... 500

Betsy created resources by selling flags for $22,000 during the month of September.

Required

Determine the profit earned by Betsy during September.

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Financial Accounting Information For Decisions

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Authors: Robert w Ingram, Thomas L Albright

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Question Posted: Jun 22, 2012 12:53 AM

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Betsy started Betsys Flag Co. on September 1. During September, Betsy consumed the following resources: Rent ............$

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Betsys Flag Co Profit Earned For September Resources created from flag sales 22000 Resou...View the full answer

Financial Accounting Information For Decisions

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