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The adjusted trial balance indicates revenue is $18,000, wage expense is $3,500, utilities expense is $1,000, and the owner drawing is $1,000. What is the
The adjusted trial balance indicates revenue is $18,000, wage expense is $3,500, utilities expense is $1,000, and the owner drawing is $1,000. What is the net income or net loss? Answer: A. Net income $12,500 B. Net loss $11,500 C. Net income $13,500 D. Net loss $12,500
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Horngrens Financial and Managerial Accounting
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
5th edition
9780133851281, 013385129x, 9780134077321, 133866297, 133851281, 9780133851298, 134077326, 978-0133866292
