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Using the following information, what is the amount of income from operations? Purchases $32,000 Selling expense $960 Merchandise inventory, September 1 5,700 Merchandise inventory, September
Using the following information, what is the amount of income from operations?
Purchases
$32,000
Selling expense
$960
Merchandise inventory, September 1
5,700
Merchandise inventory,
September 30
6,370
Administrative expense
910
Sales
63,000
Rent revenue
1,200
Interest expense
1,040
a.$29,800
b.$32,870
c.$31,910
d.$30,710
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Core Concepts Of Accounting Information Systems
Authors: Mark G. Simkin, Carolyn A. Strand Norman, Scott Paquette
1st Canadian Edition
