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Using the following information, what is the amount of net income? Purchases $32,000 Selling expenses $960 Merchandise Inventory, Sept 1. $5,700 Merchandise Inventory Sept 30.
Using the following information, what is the amount of net income? Purchases $32,000 Selling expenses $960 Merchandise Inventory, Sept 1. $5,700 Merchandise Inventory Sept 30. $6,300 Administrative expense $910 Sales $63,000 Rent Revenue $1,200 Interest Expense $1,040 A. $29,800 B. $28,760 C. $31,670 D. $29,960
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