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The following are the current month's balances for selected accounts of Basic Company. All accounts have normal balances. Accounts Payable $8,300 Revenue 7,700 Cash 7.500
The following are the current month's balances for selected accounts of Basic Company. All accounts have normal balances.
Accounts Payable
$8,300
Revenue
7,700
Cash
7.500
Expenses
1,000
Fumiture
12.200
Accounts Receivable
13.500
Basic, Capital
10.400
Notes Payable
7,800
What is the net income for the current month?
O A. $11,900
O B. $34,200
O C. $6,700
O D. $8.700
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Principles Of Financial Accounting Chapters 1 To 18
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
12th Edition
9781118978740
