Homework answers / question archive / Consider the following information:   Rent Revenue: $5,000 Rent Receivable: $2,000 Interest Revenue: $2,000 Interest Receivable: $1,000 Rent Expense: $4,000 Insurance Expense: $1,200 Insurance Payable: $1,200 Salaries Expense: $3,000 Salaries Payable: $500   Which of the following states the amount of net profit or loss for this company?

Consider the following information:   Rent Revenue: $5,000 Rent Receivable: $2,000 Interest Revenue: $2,000 Interest Receivable: $1,000 Rent Expense: $4,000 Insurance Expense: $1,200 Insurance Payable: $1,200 Salaries Expense: $3,000 Salaries Payable: $500   Which of the following states the amount of net profit or loss for this company?

Finance

Share With

Consider the following information:

Rent Revenue: $5,000

Rent Receivable: $2,000

Interest Revenue: $2,000

Interest Receivable: $1,000

Rent Expense: $4,000

Insurance Expense: $1,200

Insurance Payable: $1,200

Salaries Expense: $3,000

Salaries Payable: $500

Which of the following states the amount of net profit or loss for this company?