Question
PLEASE ANSWER ASAP****** Using the following information for a periodic inventory system, what is the amount of net income? Purchases $34,621 Selling expense $673 Inventory,
PLEASE ANSWER ASAP******
Using the following information for a periodic inventory system, what is the amount of net income?
| Purchases | $34,621 | Selling expense | $673 | |
| Inventory, September 1 | 5,249 | Inventory, September 30 | 10,383 | |
| Administrative expense | 504 | Sales | 46,945 | |
| Rent revenue | 1,153 | Interest expense | 940 |
a.$29,487
b.$16,494
c.$940
d.$33,735
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Internal Auditing Assurance And Advisory Services
Authors: Kurt R. Reding, Paul J. Sobel, Urton L. Anderson, Michael J. Head, Sridhar Ramamoorti, Mark Salamasick, Cris Riddle
3rd Edition
0894137409, 978-0894137402
