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.

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The Answer of 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.

Best Plumbing Company Provides Plumbing Services