Camrim Inc., experienced the following events in 2018, its first year of operation: Performed counseling services for $41,700 cash. On March 1, 2018, paid $9,310 cash to rent office space for the next 12 months.. Adjusted the accounts to reflect

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter9: Accounting For Receivables
Section: Chapter Questions
Problem 10EB: Starlight Enterprises has net credit sales for 2019 in the amount of $2,600,325, beginning accounts...
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Camrim Inc., experienced the following events in 2018, its first year of operation:

  1. Performed counseling services for $41,700 cash.
  2. On March 1, 2018, paid $9,310 cash to rent office space for the next 12 months..
  3. Adjusted the accounts to reflect the amount of rent used during the year.

 Based on these three events, net income is $

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