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

Question

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] · Answer 1 · 2021-12-15T20:03:56+03:00

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

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

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