The Following Are the Current Month's Balances for Selected Accounts

question 155

Multiple Choice

The following are the current month's balances for selected accounts of Sandlin Marketing Company. $$\begin{array} { | l | r | } \hline \text { Accounts Payable } & \$ 9,000 \\\hline \text { Revenue } & 8,000 \\\hline \text { Cash } & 7,650 \\\hline \text { Expenses } & 1,100 \\\hline \text { Furniture } & 11,000 \\\hline \text { Accounts Receivable } & 12,000 \\\hline \text { Common Stock } & 10,250 \\\hline \text { Notes Payable } & 4,500 \\\hline\end{array}$$ What is the net income for Sandlin Marketing for the current month?

• A) $8,000
• B) $6,900
• C) $9,100
• D) $15,650

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Definitions:

Amino Acid

Organic molecules that serve as the building blocks of proteins, containing both amino and carboxylic acid functional groups.

Aromatic Substructure

A part of a molecule containing an aromatic ring, characterized by a ring of atoms with resonance bonds creating stability.

Side Chain

The part of an amino acid that is distinct from the main backbone and determines the amino acid's properties.

Amino Acid

Organic compounds that serve as the building blocks of proteins, containing both an amino group and a carboxylic acid group.