Question

On October 1, Keisha King organized Real Answers, a new consulting firm; on October 3, the owner contributed $84,000 cash. On October 31, the company’s records show the following items and amounts

Answer 1

$2110

Explanation:

The question lacks information, I was investigating and I could find a table of the remaining information, attached as an image.

Now, to calculate the net income of Firm RA for the month of October we must make the following table:

Income statement for the month of October

$

Income: - -

Consukting fee earned - 14000

Less: Expenses - -

Rent expenses 3550 -

Salaries expenses 7000 -

Telephone expenses 760 -

Miscellanious expenses 580 11890

Net Income 2110

the net income of Firm RA for the month of October is $2110