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Furniture Company recorded the following transactions during the month of September

Furniture Company recorded the following transactions during the month of September.

Beginning balances are as follows:

Cash                                                    $22,000                      A/P                                $ 8,000

A/R                                                       $ 2,000                       N/P                               $13,000

Dir. Mat.                                                $ 5,000                      Unearned Rev.             $ 9,000

WIP                                                      $ 3,000                       Common Stock             $45,000

FG                                                        $ 5,000                       Retained Earnings        $40,000

PPE                                                      $78,000

Total                                                     $115,000                    Total                              $115,000

 What is Brazel’s net income/(loss) in the month?

 

Apr 20 2018 View more View Less

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