Question
Johnson Company had Sales of $85,000 and they performed $66,000 of services. They had Wages Expense of $40,000, Rent Expense of $25,000, Utilities Expense of
Johnson Company had Sales of $85,000 and they performed $66,000 of services. They had Wages Expense of $40,000, Rent Expense of $25,000, Utilities Expense of $3,000, Supplies Expense of $1,200 and Dividends of $2,000. What was their net income for the period?
a. $13,800
b. $15,800
c. $79,800
d. $81,800
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Data Communications Network Auditing How To Save Hundreds Of Thousands Of Dollars And Still Improve Network Response Time Network Performance And Network Availability
Authors: Bruce Griffis
1st Edition
0936648937, 978-0936648934
