Revenue on account amounted to $5,000.Cash collections of accounts receivable amounted to $2,300.Expenses for the period were $2,100.The company paid dividends of $450.Net income for the period was
A)$1,200.
B)$2,900.
C)$2,850.
D)$2,450.

Question

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The Answer of Revenue on account amounted to $5,000.Cash collections of accounts receivable amounted to $2,300.Expenses for the period were $2,100.The company paid dividends of $450.Net income for the period was
A)$1,200.
B)$2,900.
C)$2,850.
D)$2,450.

Revenue on Account Amounted to $5,000