A company had the following transactions during the month of January:

• Sales revenue of $10,000
• Cost of goods sold of $6,000
• Rent expense of $1,500
• Salaries expense of $2,000
• Depreciation expense of $500
• Interest expense of $100

Calculate the company's net income for the month of January.

Answer rating: 100% (QA)

The detailed answer for the above question is provided below Net income can be calcula... View the full answer