suppose a company had the following accounts and balances at year end 517025
SE3-13. Calculate net income. (LO 1,4)
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suppose a company had the following accounts and balances at year end 517025
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Suppose a company had the following accounts and balances at year-end:
|
Sales revenue |
$5,400 |
|
Interest revenue |
$1,200 |
|
Rent expense |
$1,240 |
|
Other operating expenses |
$3,050 |
|
Dividends |
$1,000 |
Calculate net income by preparing the income statement for the year.
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