The Following Are the Ending Month's Balances for Toys Galore

question 79

Essay

The following are the ending month's balances for Toys Galore. $\begin{array}{|l|r|}\hline \text { Accounts payable } & \$ 6,790 \\\hline \text { Revenues } & 8,680 \\\hline \text { Cash } & 4,500 \\\hline \text { Expenses } & 1,050\\\hline \text { Furniture } & 8,370 \\\hline \text { Accounts receivable } & 7,710 \\\hline \text { Capital } & 930 \\\hline \text { Notes payable } & 5,230\\\hline\end{array}$ What is the net income for Toys Galore for September?
A) $8,680
B) $1,050
C) $7,630
D) $970

• A) $8,680
• B) $1,050
• C) $7,630
• D) $970

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