Homework Answers
1) Calculate net income
| Revenue | 464000 |
| Salaries expense | -196000 |
| Interest expense | -26000 |
| Rent expense | -36000 |
| Net income | 206000 |
So answer is a) $206000
2) Journal entry
| Date | account and explanation | Debit | Credit |
| Supplies | 9200 | ||
| Cash | 9200 | ||
So answer is c)
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answer all plz. also not all the multiple choices are in the pic so ur answer...
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pic so ur answer could not be in pic and still be correct.
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