Determine the net income of a company for which the following information is available for the month of September.
Service revenue......................... $300,000
Rent expense............................. 48,000
Utilities expense........................ 3,200
Salaries expense........................ 81,000

Question

Determine the net income of a company for which the following information is available for the month of September. 
Service revenue.........................	$300,000
Rent expense.............................	   48,000
Utilities expense........................	 3,200
Salaries expense........................	81,000

Quizplus · Accepted Answer

Revenues - Expenses = Net Income
Service Revenue - Rent Expense - Utilities Expense - Salaries Expense
$300,000 - $48,000 - $3,200 - $81,000 = $167,800

Determine the Net Income of a Company for Which the Following