During March, the following transactions occurred: 1. The company paid $2,800 cash to rent office space...
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During March, the following transactions occurred: 1. The company paid $2,800 cash to rent office space for the month of March. 2. The company received $24,000 cash for repair services provided during March. 3. The company paid $7,000 for salaries for the month of March. 4. The company provided $3,800 of services to customers on account. 5. The company paid cash of $1,300 for utilities for the month of March. 6. The company received $3,900 cash in advance from a customer for repair services to be provided in April. 7. The company purchased $5,800 of land for cash. Based on this information, net income for March would be: During March, the following transactions occurred: 1. The company paid $2,800 cash to rent office space for the month of March. 2. The company received $24,000 cash for repair services provided during March. 3. The company paid $7,000 for salaries for the month of March. 4. The company provided $3,800 of services to customers on account. 5. The company paid cash of $1,300 for utilities for the month of March. 6. The company received $3,900 cash in advance from a customer for repair services to be provided in April. 7. The company purchased $5,800 of land for cash. Based on this information, net income for March would be:
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