Business, 31.03.2020 03:20 emilypzamora11

Joe Jackson opened Jackson's Repairs on March 1 of the current year. During March, the following transactions occurred and were recorded in the company's books: Jackson invested $30,000 cash in the business. Jackson contributed $105,000 of equipment to the business. The company paid $2,500 cash to rent office space for the month of March. The company received $21,000 cash for repair services provided during March. The company paid $6,700 for salaries for the month of March. The company provided $3,500 of services to customers on account. The company paid cash of $1,000 for utilities for the month of March. The company received $3,600 cash in advance from a customer for repair services to be provided in April. Jackson withdrew $5,500 for his personal use from the company. Based on this information, net income for March would be:

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Joe Jackson opened Jackson's Repairs on March 1 of the current year. During March, the following tra...