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LiRa [457]
3 years ago
6

Springer Corporation had the following transactions in​ August: Earned $3,000 of revenues on​ account; collected $4,000 from a c

ustomer for services provided last​ month; incurred $400 of repair expense and paid​ cash; paid $300 for rent that it owed from the previous month. What is the net income in​ August?
Business
1 answer:
LuckyWell [14K]3 years ago
5 0

Answer:

6300

Explanation:

Net income is the amount of income remaining after payments have been made. So sum up all receipt and subtract all payments to get net income

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