Springer Company,a Sole Proprietorship,had the Following Transactions in August: Earned

question 181

Multiple Choice

Springer Company,a sole proprietorship,had the following transactions in August: Earned $2,000 of revenues on account; collected $4,000 from a customer for services provided last month; incurred $800 of repair expense and paid cash; paid $500 for rent that it owed from the previous month.
What is the net income in August?

• A) $800
• B) $4,000
• C) $5,200
• D) $1,200

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Definitions:

Dopamine

A neurotransmitter involved in many functions, including mood regulation, reward, and motor control.

Norepinephrine

A neurotransmitter and hormone involved in the body's fight or flight response, affecting mood, attention, and physical energy.

Wellbutrin

A medication primarily used to treat major depressive disorder and seasonal affective disorder.

Antidepressants

Medications designed to alleviate symptoms of depression by influencing neurotransmitter levels in the brain.