Business, 19.09.2019 16:30 gamer67respress

Joe jackson opened jackson's repairs, inc. on march 1 of the current year. during march, the following transactions occurred and were recorded in the company's books: 1. jackson invested $32,000 cash in the business. 2. jackson contributed $107,000 of equipment to the corporation. 3. the company paid $2,700 cash to rent office space for the month. 4. the company received $23,000 cash for repair services provided during march. 5. the company paid $6,900 for salaries for the month. 6. the company provided $3,700 of services to customers on account. 7. the company paid cash of $1,200 for monthly utilities. 8. the company received $3,800 cash in advance of providing repair services to a customer. based on this information, net income for march would be:
$20,500. $6,000. $15,900. $20,400. $7,700.

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Joe jackson opened jackson's repairs, inc. on march 1 of the current year. during march, the followi...

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