Question
The Computer Store had the following revenue and expenses during the month ended July 31. Fees for computer repairs $ 44,100 Advertising expense 6,200 Salaries
The Computer Store had the following revenue and expenses during the month ended July 31.
| Fees for computer repairs | $ | 44,100 | |
| Advertising expense | 6,200 | ||
| Salaries expense | 19,000 | ||
| Telephone expense | 1,100 | ||
| Fees for printer repairs | 6,450 | ||
| Utilities expense | 1,550 | ||
Did the firm earn a net income or incur a net loss for the period? What was the amount?
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Public Sector Accounting And Auditing In EuropeThe Challenge Of Harmonization
Authors: I. Brusca, E. Caperchione, S. Cohen, F Manes Rossi
3rd Edition
1137461330, 9781137461339
