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A business has the following transactions: - The business is started by receiving cash from an investor in exchange for common stock $26,049 - The
A business has the following transactions: - The business is started by receiving cash from an investor in exchange for common stock $26,049 - The business purchases supplies on account $516 - The business purchases furniture on account $4,182 - The business renders services to various clients on account totaling $8,272 - The business pays salaries $2,544 - The business pays this month's rent $2,033 - The business pays for the supplies purchased on account - The business collects from one of its clients for services rendered earlier in the month $1,437 What is total net income for the month
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