Question 30: QED Electronics Company had the following transactions d…

Based on the following information, answer the given subquestions.

QED Electronics Company had the following transactions during April while conducting its television and stereo repair business.

a. Parts with a cost of $1,600 were received and used during April.
b. Service revenue for the month was $33,400, but only $20,500 was cash sales.
c. Interest expense on loans outstanding was $880.
d. Wage costs for the month totaled $10,000; however, $1,400 of this had not yet been
a. paid to the employees.
e. Parts inventory from the beginning of the month was depleted by $2,100.
f. Utility bills totaling $1,500 were paid. $700 of this amount was associated with
a. March's operations.
g. Depreciation expense was $2,700.
h. Selling expenses were $1,900.
i. A provision for income taxes was established at $2,800, of which $2,600 had been paid
a. to the federal government.
j. Administrative and miscellaneous expenses were recorded at $4,700

Net profit for the month of April is: