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

Question 200

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The following are the current month's balances for selected accounts of Sandlin Marketing Company.  Accounts Payable $7,000 Revenue 11,000 Cash 1,000 Expenses 1,750 Furniture 14,000 Accounts Receivable 15,000 Sandlin, Capital 9,250 Notes Payable 4,500\begin{array} { | l | r | } \hline \text { Accounts Payable } & \$ 7,000 \\\hline \text { Revenue } & 11,000 \\\hline \text { Cash } & 1,000 \\\hline \text { Expenses } & 1,750 \\\hline \text { Furniture } & 14,000 \\\hline \text { Accounts Receivable } & 15,000 \\\hline \text { Sandlin, Capital } & 9,250 \\\hline \text { Notes Payable } & 4,500 \\\hline\end{array} What is the net income for Sandlin Marketing for the current month?


A) $11,000
B) $9,250
C) $12,750
D) $12,000

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