Pumpkin and Spice Company had the following transactions for…
Pumpkin and Spice Company had the following transactions for the month of November: Provided $8,000 of services to customers. All customers paid in cash at the time the services were provided. Utility expenses for the month were $2,000. The utility bill will be paid in December when it is due. Purchased supplies of $4,000 during the month. At the end of the month $2,000 of the supplies remain on-hand. What was Net Income for Pumpkin and Spice for the month of November?
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