am 8-10 PM Saved Help Save & Cult Submit Jaxson McCormick opened McCormick's Repairs on March 1 of the current year. During March, the following transactions occurred and were recorded in the company's books: 1. McCormick's invested $29,000 cash in the business in exchange for common stock 2. McCormick's contributed $104,000 of equipment to the business. 3. The company paid $2,400 cash to rent office space for the month of March. 4. The company received $20,000 cash for repair services provided during March 5. The company paid $6,600 for salaries for the month of March. 6. The company provided $3,400 of services to customers on account 7. The company paid cash of $900 for utilities for the month of March 8. The company received $3,500 cash in advance from a customer for repair services to be provided in April 9. The company paid Jackson $5,400 cash as a dividend, Based on this information, net income for March would be: Multiple Choice $8,000 $13,500 $17,400 Next >