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The Following Are the Current Month's Balances for Toys Galore

Question 146

Multiple Choice

The following are the current month's balances for Toys Galore:  Accounts Payable $8,000 Revenue 10,000 Cash 5,000 Expenses 1,750 Fumiture 12,000 Accounts Receivable 14,000 Tones, Capital 8,250 Notes Payable 6,500\begin{array} { | l | r | } \hline \text { Accounts Payable } & \$ 8,000 \\\hline \text { Revenue } & 10,000 \\\hline \text { Cash } & 5,000 \\\hline \text { Expenses } & 1,750 \\\hline \text { Fumiture } & 12,000 \\\hline \text { Accounts Receivable } & 14,000 \\\hline \text { Tones, Capital } & 8,250 \\\hline \text { Notes Payable } & 6,500 \\\hline\end{array} What is the net income for Toys Galore for the current month?


A) $10,000
B) $8,250
C) $11,750
D) $15,000

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