E$3-20($Algo$)$ Analyzing, Recording, and Evaluating the Effects of Income Statement Transactions $[$LO $3-3,$ LO $3-4,$ LO $3-5]$

$[$The following information applies to the questions displayed below.$]$

MyBnB started a home rental company on January $1.$ As of November $30,$ MyBnB reported the following balances. The company does not yet have a balance in Retained Earnings because this is its first year of operations so no net income has been reported in prior years.

Accounts Payable Cash

Cleaning Expense

Common Stock

$$420$

$1,400$

$1,260$

$4,200$

Equipment

Repairs Expense

Service Revenue

$$3,360$

Wages Expense

$2,800$

$1,120$

E$3-20($Algo$)$ Part $6$

$6.$ Based on the December transactions listed below, compute the net profit margin as of December $31.($Round your answer to $1$ decimal place.$)$

a$.$ Provided rental services at a price of $$420$ and collected the full amount in cash.

b$.$ Paid $$98$ cash to a cleaning company for December work.

c$.$ Paid $$84$ cash to MyBnB$\text{'}$s part$-$time employee for December wages.

d$.$ Paid $$140$ cash on account for amounts owed from a prior equipment purchase.

e$.$ Obtained repair services in December at a cost of $$56,$ to be paid in January.

Net profit margin

$\%$