Question

A company has $4,500 in its Revenue account at the end of a period. The expenses are as follows: Rent, $750; Utilities, $150; Salaries, $2,400; Insurance, $225. The net income (loss) for the period is Question 9 options: $3,600. ($2,100). $975. ($1,425).

Answer 1

975

Explanation:

subract nall expespences from the total revenue

Answer 2

If you take the $4,500 that is in the account and subtract all of the expenses there is a $975 balance in the account. Meaning that there was a net income of $975 at the end of the period.