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Determine Preliminary net income????? Here is the info:

Quick Cleaners, Inc., (QCI) has been in business for several years. It specializes in cleaning houses, but has some small business clients as well.

a.Issued $26,000 of QCI stock for cash.

b. Incurred $995 of utilities costs this month and will pay them next month.

c. Paid wages for the current month, totaling $2,100.

d. Performed cleaning services on account worth $3,450.

e. Some of Quick CleanersAc€?c equipment was repaired at a total cost of $272. The company paid the full amount immediately.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91890470

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