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  3. Study Set
    College Accounting Study Set 6
  4. Exam
    Exam 6: Financial Statements and the Closing Process
  5. Question
    The Total Revenue of the Month of June Amounted to $6,500;
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The Total Revenue of the Month of June Amounted to $6,500;

Question 7

Question 7

Multiple Choice

The total revenue of the month of June amounted to $6,500; total expenses amounted to $3,500; and withdrawals amounted to $600. The net income for the month amounted to


A) $6,000.
B) $2,400.
C) $3,000.
D) $3,500.

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