Respuesta :
Answer:
$35,000
Explanation:
Given that,
Revenues earned:
cash = $32,000
on account = $18,000
Expenses incurred:
cash = $5,000
on account = $10,000
Net Income:
= Income - Expenses
= (Cash revenue + account revenue) - (cash expenses + Expenses on account)
= ($32,000 + $18,000) - ($5,000 + $10,000)
= $35,000
Therefore, the net income for the month of May is $35,000.
The net income for the month of May is $35,000.
Based on the information given, the revenue will be:
= $32000 + $18000
= $50000
The expenses will be:
= $5000 + $10000
= $15000
The net income will be:
= Revenue - Expenses
= $50000 - $15000
= $35000
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