Compute net income for May based on the following transactions: May 1 paid $2,550 for May's rent.
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Compute net income for May based on the following transactions:
May 1 | paid $2,550 for May's rent. |
May 14 | paid $1,550 for two weeks wages. |
May 15 | performed $5,550 in consulting service on account. |
May 17 | billed a customer $1,850 for services performed May 16. |
May 20 | received $5,550 in payment for May 15 transaction. |
May 22 | performed services and immediately collected $2,350. |
May 31 | paid $850 for advertising in the local paper to take place in June. |
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