Question: D Question 3 Below are the final month end transactions for a new company just established: Entrepreneur invests $100,000 cash as sole stockholder in new
D Question 3 Below are the final month end transactions for a new company just established: Entrepreneur invests $100,000 cash as sole stockholder in new company, the cash is from personal savings. Supplies Purchased on account $2,000, Fees Earned on account, $50,000 Wage Expense $5 000 on account (pay commissions on 10th of following month. Supplies on hand end of month $1,000, Dividends $10,000 cash paid al end of month. Create Income statement from above info: The net Income is? O $50,000 $45,000 $44,000 O $34,000
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