What is the net income

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Question - Baxtor Company provides consulting services. Selected transactions of Baxtor Company are described as? follows:

?a) Received $10,800 cash from the? owner, Joe? Jones, as capital.

?b) Paid $2,800 cash for computer equipment for office use.

?c) Borrowed $11,400 from a local bank and deposited the money in the checking account.

?d) Paid $1,500 rent for the month.

?e) Paid $260 cash for office supplies to be used next year.

?f) Completed a consulting project for a local business and received $5,600 cash.

Required - What is the net income?

Reference no: EM132916228

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