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chakairarodney8407
chakairarodney8407
06.09.2021 • 
Business

Jeff Jackson opened Jackson's Repairs on March 1 of the current year. During March, the following transactions occurred: Jackson invested $28,000 cash in the business. Jackson contributed $103,000 of equipment to the business. The company paid $2,300 cash to rent office space for the month of March. The company received $19,000 cash for repair services provided during March. The company paid $6,500 for salaries for the month of March. The company provided $3,300 of services to customers on account. The company paid cash of $800 for utilities for the month of March. The company received $3,400 cash in advance from a customer for repair services to be provided in April. Jackson withdrew $5,300 for his personal use from the company. Based on this information, net income for March would be:

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