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A company had credit sales of $31,000 and cash sales of $23,000 during the month of May. Also, during May, the company paid wages of
A company had credit sales of $31,000 and cash sales of $23,000 during the month of May. Also, during May, the company paid wages of $24,000 and utilities of $8,000. It also received payments from customers on account totaling $5,600. What was the company's net income for the month? A. $86,000 B. $23,000 C. $22,000 D. $54,000
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