Computing net income or net loss.
Clark Computer Maintenance and Repair Shop had the following revenue and expenses during the month ended June 30. Did the firm earn a net income or incur a net loss for the period? What was the amount?
Fees for computer repairs | $39,600 |
Advertising expense | 5,300 |
Salaries expense | 18,100 |
Telephone expense | 650 |
Fees for printer repairs | 5,550 |
Utilities expense | 1,100 |
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