Question

The following are the current​ month's balances for selected accounts of Sandlin Marketing Company. Accounts Payable $ 10 comma 000 Revenue 9 comma 000 Cash 1 comma 450 Expenses 1 comma 300 Furniture 14 comma 000 Accounts Receivable 16 comma 000 Common Stock 8 comma 250 Notes Payable 5 comma 500 What is the net income for Sandlin Marketing for the current​ month?

Answer 1

Answer:

$7700

Explanation:

Net Income = Revenue - Expenses

= 9000 - 1300 = $7700