Edurado has started a small business making sundials. Thefollowing transactions

Question

Edurado has started a small business making sundials. Thefollowing transactions occured for the business during a recentperiod. How much profit did the company earn for this period? Sales to customers $1,050 Rent for the period     425 Supplies used during te period 250 Wages for the period   175 Edurado has started a small business making sundials. Thefollowing transactions occured for the business during a recentperiod. How much profit did the company earn for this period? Sales to customers $1,050 Rent for the period     425 Supplies used during te period 250 Wages for the period   175

Explanation / Answer

REVENUE: Sales                                $1050 EXPENSES: RentExpense                    $425 SuppliesExpense             $250 WagesExpense                 $175 NetProfit                         $200

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