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

Question 155

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The following are the current month's balances for selected accounts of Sandlin Marketing Company.  Accounts Payable $9,000 Revenue 8,000 Cash 7,650 Expenses 1,100 Furniture 11,000 Accounts Receivable 12,000 Common Stock 10,250 Notes Payable 4,500\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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