The income statement debit column of the worksheet showed the following expenses: Supplies Expense
$600
Depreciation Expense
400
Salaries Expense
300
Question 8 options:

Income Summary
1,300
Supplies Expense
600
Depreciation Expense
400
Salaries Expense
300

Capital
1,200
Income Summary
1,200

Income Summary
1,200
Capital
1,200

Supplies Expense
500
Depreciation Expense
400
Salaries Expense
300
Income Summary
1,200

During the month of march 2017, weimar world, a tax-preparation service, had the following transactions. * billed $496,000 in revenues on credit * received $164,000 from customers' accounts receivable * incurred expenses of $194,000 but only paid $87,700 cash for these expenses * prepaid $32,220 for computer services to be used next month what was the company's accrual basis net income for the month? select one: a. $302,000 b. $264,080 c. $ 41,860 d. $408,300 e. none of the above