ABC Delivery Service Had the Following Transactions in June: Earned

question 160

Multiple Choice

ABC Delivery Service had the following transactions in June: Earned $4,000 cash for services rendered; collected $2,500 from a customer "on account;" paid out $200 cash for plumbing services; received $3,500 of supplies and promised to pay one month later; paid out $1,000 in cash drawings to the owner.
-How much was Net income in June?

• A) $5,300
• B) $2,800
• C) $6,300
• D) $3,800

---

Definitions:

Taking Care

The act of looking after someone or something to ensure their well-being.

Strategies

General plans or sets of actions aimed at achieving specific goals or solving particular problems.

Overextending Yourself

Taking on too many tasks or commitments simultaneously, leading to stress, burnout, or failure to effectively manage time and responsibilities.

Minimizing Distractions

Strategies or actions taken to reduce or eliminate disruptions that interfere with focus and productivity.