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At the end of September (1st month of operations) the Company had the following items shown in their trial balance: Cash Accounts payable $2,640 2,520
At the end of September (1st month of operations) the Company had the following items shown in their trial balance: Cash Accounts payable $2,640 2,520 Equipment Common stock $3,600 Salary expense $2,400 4,800 Supplies expense 480 Revenues earned 6,000 Accounts receivable Supplies 1,080 840 Advertising Dividends 960 expense 720 Utilities expense 600 What will be shown as total expenses on the income statement for the month of September? $840 $1,800 $4,200 $5,160 What amount will be shown as net income for the month of September on the income statement? $840 $1,800 $2,760 $5,040
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