125 The following items are taken from the financial statements of Salim's Company for...
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125 The following items are taken from the financial statements of Salim's Company for the year ending December 31, 2017 Advertising expense.. 21,000 -Cash.............. 15,000 - Sales returns and allownces. 10,000 Sales discount...... ..7,000 - Insurance expense. 13,000 - Note payable, due 6/30/18.... 70,000 - Prepaid insurance (12-month policy) - Rent experise .17,000 Salaries expense 32,000 - Sales revenue.. 150,000 -Cost of Goods Sold... 20,000 6,000 The company's net income for the year ending December 31, 2017 : SR 12,000 SR 40.000 SR 133,000 SR 54,000
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