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The business is started by receiving cash from an investor in exchange for common stock $22,000. The business purchases supplies on account $700. The business
- The business is started by receiving cash from an investor in exchange for common stock $22,000.
- The business purchases supplies on account $700.
- The business purchases furniture on account $2,000.
- The business renders services to various clients on account totaling $11,000.
- The business pays salaries $3,000.
- The business pays this months rent $4,000.
- The business pays for the supplies purchased on account.
- The business collects from one of its clients for services rendered earlier in the month $1,500.
What is total income for the month?
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