Author Question: The total revenue of the month of June amounted to 7,500; total expenses amounted to 3,500; and ... (Read 100 times)

joe

  • Hero Member
  • *****
  • Posts: 627
The total revenue of the month of June amounted to 7,500; total expenses amounted to 3,500; and withdrawals amounted to 600 . The net income for the month amounted to
 a. 7,500.
   b. 3,400.
   c. 4,000.
   d. 3,500.

Question 2

Adjusting journal entries must be recorded prior to preparing an unadjusted trial balance.
 
  Indicate whether the statement is true or false



Ksh22

  • Sr. Member
  • ****
  • Posts: 297
Answer to Question 1

c

Answer to Question 2

FALSE



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

For a complete list of videos, visit our video library