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2. A company had the following transactions during September: Provided services totaling $90,000 to customers, receiving $50,000 in cash and the balance billed to customer's

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2. A company had the following transactions during September: Provided services totaling $90,000 to customers, receiving $50,000 in cash and the balance billed to customer's accounts. Paid $18,000 in wages to employees who worked during the month of September. Received a $2,500 bill for September's advertising which will be paid for in October Collected $20,000 of the accounts receivable Paid $10,000 for the August utility bill. Determine the company's net income for September: A. $69,500 B. $29,500 C. $72,000 D. $89,000 E. $59,500

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