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What is X−cel ​Company's net income or net loss if it had Revenue of​ $1,800, Salary Expense of​ $500, Utility Expense of​ $250, and Withdrawals of​ $5,000 during​ October?…

What is X−cel ​Company's net income or net loss if it had Revenue of​ $1,800, Salary Expense of​ $500, Utility Expense of​ $250, and Withdrawals of​ $5,000 during​ October?…
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What is X−cel ​Company's net income or net loss if it had Revenue of​ $1,800, Salary Expense of​ $500, Utility Expense of​ $250, and Withdrawals of​ $5,000 during​ October?

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User Kelvin Lawrence
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7.4k points

1 Answer

1 vote
1800 -500 -250 = 1050
the withdrawal does not count against income.
answered
User ShibbyUK
by
8.6k points
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