The following are presented in trial balance of Bren Enterprises for the year ended December 31, 2019.
Cash - 100,000
Accounts Receivable - 30,000
Notes Receivable - 200,000
Merchandise Inventory - 26,500
Equipment - 80,000
Furniture & Fixtures - 25,000
Accounts Payable - 28,000
Loans Payable Payable - 200,000
Bren, Capital - 145,700
Bren, Drawings - 3,250
Sales - 200,000
Sales Discount - 3,000
Sales Return & Allowances - 1,500
Rent Expense - 12,000
Advertising Expense - 3,000
Cost of Goods Sold - 80,000
Interest Expense - 1,250
Loss on sale of machinery - 8,200
How much is the total operating income of Bren Enterprises?
Share
Answer:
69750
Step-by-step explanation: