Step by step solution with clear hand writing

stion 2 yet swered New Labs co. had the following transactions in August: Earned $2,000 as revenues on account; collected $5,000 from a customer for goods sold last month; incurred $600 of repair expense and paid cash; paid $200 to a supplier that it owed from the previous month. What is the net income in August? arked out of * Flag question Select one: O $1,400 O $2,700 $5,700 $2,400 S500 Previous page Next page