Question
Given only the following information, calculate net profit. $ Cash 50,000 Accounts receivable 180,000 Sales 200,000 Insurance expense 5,000 Wages 60,000 Drawing 20,000 Unearned revenue
Given only the following information, calculate net profit.
$ Cash 50,000 Accounts receivable 180,000 Sales 200,000 Insurance expense 5,000 Wages 60,000 Drawing 20,000 Unearned revenue 10,000 Equipment 220,000 $135,000 $115,000 $145,000 $250,000
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A Textbook Of Accounting For Management
Authors: S.N. Maheshwari
3rd Edition
9325956195, 978-9325956193
