Question: Revenue on account amounted to $3,000. Cash collections of accounts receivable amounted to $2,700. Cash paid for expenses amounted to $2,500. Net Income is: Multiple

Revenue on account amounted to $3,000. Cash collections of accounts receivable amounted to $2,700. Cash paid for expenses amounted to $2,500. Net Income is:

Multiple Choice

$200
$300
$500
None of the above

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Question: Revenue on account amounted to $3,000. Cash collections of accounts receivable amounted to $2,700. Cash paid for expenses amounted to $2,500. Net Income is: Multiple

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