Answer:
C
Explanation:
You add the different transportation expenses.
Answer:
$20,000
Explanation:
The income statement shows the revenue and expenses of an entity for a period. The difference between the entity's revenue and expenses gives the net income.
The balance sheet on the other hand shows the company's assets and liabilities, the difference of these is the owners equity.
Hence Dynamic's net income for the year,
= $100,000 - $80,000
= $20,000
Answer:
net income 5,600
Explanation:
a.- service revenue 3,500
b.- it do not affect the net income. Is trading one asset (cash) for another (equipment)
c.- it do not affect the income. It increase a liability (note payable) and an asset (cash)
d.- rent expense (900)
e.- it do not affect the net income. Is trading one asset (cash) for another (supplies)
f .- service revenue 3,000
net income = revenue - expenses
service revenue 3,500 + 3,000 = 6,500
rent expense (900)
net income 5,600
