Create an Account

Already have account?

Forgot Your Password ?

Home / Questions / Brazels Furniture Company recorded the following transactions during the month

Brazels Furniture Company recorded the following transactions during the month

Brazel’s 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?

 ANSWER: ______________________

Apr 20 2018 View more View Less

Answer (Solved)

question Subscribe To Get Solution

Related Questions