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Determine the net income of a company for the month of july

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Reference no: EM133010638

Problem 1: Determine the net income of a company for which the following information is available for the month of July.

Employee salaries expense $187,000
Interest expense 17,000
Rent expense 27,000
Consulting revenue 428,000

Multiple Choice

Option 1: $197,000.

Option 2: $231,000.

Option 3: $251,000.

Option 4: $428,000.

Option 5: $659,000.

Reference no: EM133010638

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