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In August 2025, Joe's Supply Store generated revenues of $150,000. The company's expenses were as...

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Accounting

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In August 2025, Joe's Supply Store generated revenues of $150,000. The company's expenses were as follows: cost of goods sold of $60,000 and operating expenses of $10,000. The company also had rent revenue of $2,500 and a gain on the sale of a delivery truck of $5,000. Joe's net income for August 2025 is $87,500.$82,500.$90,000.$80,000

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