Given the following information: Accounts Payable $$8,100,$ Cash $$5,800,$ Owners Capital $$15,000,$ Owners Drawings $$1,200,$ Equipment $$17,000,$ Service Revenue $$10,000,$ Accounts Receivable $$3,000,$ Salaries and Wages Expense $$5,100,$ and Rent Expense $$1,000.$hat is the net income of loss? 

 

 

Answer rating: 100% (QA)

To calculate the net income or loss we need to use the formula Net Income Revenues Expenses ... View the full answer