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

Question 91

Multiple Choice

The following are the current month's balances for Toys Galore:  Accounts payable $9000 Revenue 12,000 Cash 3000 Expenses 1400 Furniture 14,000 Accounts receivable 13,000 Iones, capital 7250 Loan payable 4500\begin{array} { | l | l | } \hline \text { Accounts payable } & \$ 9000 \\\hline \text { Revenue } & 12,000 \\\hline \text { Cash } & 3000 \\\hline \text { Expenses } & 1400 \\\hline \text { Furniture } & 14,000 \\\hline \text { Accounts receivable } & 13,000 \\\hline \text { Iones, capital } & 7250 \\\hline \text { Loan payable } & 4500 \\\hline\end{array} What is the profit for Toys Galore for the current month?


A) $13,400
B) $10,600
C) $15,000
D) $12,000

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