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pls explain The Strait Company ended 2020 with $218,000 in assets, $97,400 in liabilities and $120,600 in stockholders equity. During January of 2021, the company
pls explain
The Strait Company ended 2020 with $218,000 in assets, $97,400 in liabilities and $120,600 in stockholders equity. During January of 2021, the company had the following transactions: A. B. C. D. Sold $24,600 of services to customers. Purchased $300 of supplies on account. Purchased $5,800 of equipment. Paid suppliers $800 for amounts previously owed. Made bank loan payment of $3,000. Paid $8,400 for employee payroll. Paid dividend of $750. E. F. G. What is the company's net income for January 2021 Step by Step Solution
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