Question 5 of 10 View Policies $14,000. O $45,000. O $27,000. O $35,000. Current Attempt in Progress Simon Company had the following summarized operations for the month of May: cash sales, $32,000; sales on account, $18,000; expenses paid in cash, $5,000; expenses incurred on credit, $10,000. In addition, the company purchased equipment for $8,000 on account and supplies for $5,000 cash. The net income for the month of May is Save for Later -/1 Attempts: 0 of 1 used Submit Answer

Simon Company had the following summarized operations for the month of May; cash sales, $32,000; sales on account, $18,000; expenses paid in cash, $5,000; expenses incurred on credit, $10,000, In addition, the compary purchased equipment for $8,000 on account and supplies for $5,000 cash. The net incoene for the month of May is $14,000. $45,000. $27.000. $35,000