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7 8 Centurion Co. had the following accounts and balances at December 31 Account Debit Credit Cash $11,500 Accounts Receivable Prepaid Insurance Supplies Accounts Payable
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Centurion Co. had the following accounts and balances at December 31 Account Debit Credit Cash $11,500 Accounts Receivable Prepaid Insurance Supplies Accounts Payable 2,30e 3,e0e 1,300 5,750 Common Stock Service Revenue 5,800 8,500 Salaries Expense utilities EXpense 650 1,300 $20,05e $20,050 Totals Using the Information In the table, calculate the company's reported net Income for the perlod. Multiple Cholce $1,400 $4,450 $5100. $12.200 $6,550. were $11,500. Its profit margin Is A company earned $2,645 In net Income for October. Its net sales for October Multlple Choice 23% 200% 2%. 435% 6%Step by Step Solution
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