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The following table provides Acme Corp's transaction for the month. Using the ACCRUAL CASH BASIS method and only the transactions listed, calculated the firm's NET

The following table provides Acme Corp's transaction for the month. Using the ACCRUAL CASH BASIS method and only the transactions listed, calculated the firm's NET INCOME for the month. Enter negative values using the minus sign (e.g. -122)

Transaction

Value

Issued shares of capital stock for cash

19131

Rented space at a self-storage for 2 weeks paid cash

-400

Purchased supplies to be used on a job during this month payment due next month

-800

Received a loan from a bank to be paid back in 1 year

18154

Received payment from customer for work completed and billed in previous month

2032

Paid miscellaneous expenses

-800

Received payment for customer for work completed and billed during this month

4618

Billed a customer for work completed to be paid in the next month

10788

Paid hourly employees for work completed during the month

-1200

Recorded depreciation of office building

1000

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