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Home Q & A Board Other Fields Homework Help Business Accounting
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anlore anlore
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5 years ago
Best Plumbing Company provides plumbing services. Selected transactions of Best Plumbing Company are described as follows:

a)Received a $9,000 cash contribution from the owner, June Sharon.
b)Paid $6,000 cash for equipment to be used for plumbing repairs.
c)Borrowed $9,000 from a local bank and deposited the money in the checking account.
d)Paid $800 rent for the year.
e)Paid $200 cash for plumbing supplies to be used next year.
f)Completed a plumbing repair project for a local lawyer and received $6,000 cash.

Calculate the net income. Assume plumbing supplies of $200 are left.
A) $600
B) $5,800
C) $6,000
D) $5,200
Textbook 
Horngren's Accounting

Horngren's Accounting


Edition: 11th
Authors:
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kamikazekotakamikazekota
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5 years ago
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anlore Author
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#2
5 years ago
Smart ... Thanks!
wrote...
#3
4 years ago
Thank you
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