=+g. Paid automobile expenses (including rental charge) for month, $2,500, and miscellaneous expenses, $1,200.

PR 1-4B Transactions;

financial statements

✔ 2. Net income:

$9,200 obj. 5 objs. 4, 5

(continued)

42 Chapter 1 Introduction to Accounting and Business h. Paid office salaries, $10,000.

i. Determined that the cost of supplies on hand was $1,000; therefore, the cost of supplies used was $1,650.

Instructions