Hofnim, Inc A) $8,800
B) $22,750
C) $13,260
D) $17,750

question 64

Multiple Choice

Hofnim, Inc.had the following account balances on September 30, 2016.What is Hofnim's net income for the month of September? $$\begin{array} { l r } \text { Accounts Payable } & \$ 9,900 \\\text { Capital Stock } & 15,000 \\\text { Cash } & 19,600 \\\text { Equipment } & 19,100 \\\text { Fees Earned } & 64,000 \\\text { Miscellaneous Expense } & 19,700 \\\text { Rent Expense } & 5,100 \\\text { Retained Earnings } & 5,000 \\\text { Wages Expense } & 16,450\end{array}$$

• A) $8,800
• B) $22,750
• C) $13,260
• D) $17,750

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