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Dzeko Company began operations on December 1, 2020. Presented below is selected information related to Dzeko Company at December 31, 2020: Equipment $160,000 Utilities Expense
Dzeko Company began operations on December 1, 2020. Presented below is selected information related to Dzeko Company at December 31, 2020: Equipment $160,000 Utilities Expense $76,000 Cash 56,000 Accounts Payable 64,000 Service Revenue 432,000 Salaries and Wages Expense 188,000 Notes Payable 40,000 Rent Expense 42,000 Required: Compute the net income for the month of December. (show your computation). A. 140,000 B. 126,000 C. 120,000 D. 100,000
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