Answered>Order 6185
F. L. Wright Architects incorporated as licensed architects on September 1, 2018. During the first month of the operation of the business, these events and transactions occurred:
Sept. 1 Stockholders invested $8,000 cash in exchange for common stock of the corporation.
1 Paid office rent for the month of $900.
2 Purchased architectural supplies on account from Spring Green Company, $1,000.
6 Completed blueprints on an outdoor kitchen and billed client $1,300 for services.
10 Received $1,500 cash advance from J. Madison to design a new home.
14 Received $2,000 cash for services completed and delivered to M. Swanson.
18 Paid employee wages of $800.
25 Paid $200 to Spring Green Company for accounts payable due.
30 Used $200 of supplies during the month.
Determine Net Income for the month of September:
A.$1,200
B.$2,900
C.$1,800
D.$2,200
E.$1,400