Help with accounting

Accounting
Tutor: None Selected Time limit: 1 Day

Beginning and ending inventories for Webster’s Books are $9,000 and $6,000, respectively. The debit amounts (not including Income Summary) in the income statement columns of the worksheet total $14,000, and the credit amounts (not including Income Summary) total $15,500. The firm has a
A. net income of $1,500.
   
B. net loss of $1,500.
   
C. net loss of $3,000.
   
D. net income of $3,000.

Is this going to be choice c

Apr 27th, 2015

sales= 15,5000

cost of sales= (9000+14000-6000)= (17000)

net loss=(1500)

the answer is a net loss of $1,500 (B)




Apr 27th, 2015

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