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Q22. Below is selected information for Dell Electronics. What is their net income based on this information? Dell Electronics Cash 30,000 Revenue 60,000 Accounts receivable
Q22. Below is selected information for Dell Electronics. What is their net income based on this information?
Dell Electronics | |
Cash | 30,000 |
Revenue | 60,000 |
Accounts receivable | 5,000 |
Inventory | 20,000 |
Wages expense | 5,000 |
Prepaid Rent | 3,000 |
Cost of goods sold | 12,000 |
Wages payable | 1,000 |
Retained earnings | 13,500 |
Depreciation expense | 9,000 |
Rent expense | 6,000 |
If it's a net loss, write a - in front of your number.
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