One company performed the following transactions during the month of October: Purchased office supplies from account for

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One company performed the following transactions during the month of October:

Purchased office supplies from account for $5,400 has served for. $21,000 cash

Services provided for $36,000 account

A cash collection of USD 29,000 was made on the account from a customer.

He paid the $4,600 monthly rent in cash.

Questions

1. What is the company's total monthly income?

2. What is the company's monthly net income?

3. What was the company's cash inflow or outflow that month?

Related Book For answer-question

Accounting

ISBN: 978-0324662962

23rd Edition

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

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Posted Date: Jul 04, 2023 08:14 AM

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One company performed the following transactions during the month of October: Purchased office supplies from account for

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To determine the companys total monthly income monthly net income and cash inflowoutflow for the given transactions lets analyze each transaction indi... View the full answer

Accounting

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