Jeff Jackson opened Jackson's Repairs on March 1 of the current year. During March, the...
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Jeff Jackson opened Jackson's Repairs on March 1 of the current year. During March, the following transactions occurred 1. Jackson invested $28,000 cash in the business in exchange for common stock 2. Jackson contributed $103,000 of equipment to the business 3. The company paid $2,300 cash to rent office space for the month of March 4. The company received $19,000 cash for repair services provided during March 5. The company paid $6,500 for salaries for the month of March 6. The company provided $3,300 of services to customers on account 7. The company paid cash of $800 for utilities for the month of March 8. The company received $3,400 cash in advance from a customer for repair services to be provided in April 9. The company paid $5,300 in cash dividends. Based on this information, net income for March would be: Multiple Choice O $16,400. $12,700. $5,600. $8.100. $16,500
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