Tadeo, Inc. had the following account balances at September 30, 2015. What is Tadeo's net income for the month of September? Accounts Payable $ 5,800 Capital Stock 12,000 Cash 15,500 Equipment 14,300 Fees Earned 53,000 Miscellaneous Expense 16,800 Rent Expense 4,000 Retained Earnings 7,000 Wages Expense 17,850

The Tadeo's net income for the month of September is $14,350

Explanation:

Net income : The net income show the difference between the revenue and expenses

In mathematically,

Net income = Revenues - expenses

In this question

Revenues is fees earned while expenses is Miscellaneous Expense, Rent Expense, and Wages Expense

So

Revenue = $53,000

And, Expenses = $16,800 + $4,000 + $17,850 = $38,650

Hence, the net income is = $53,000 - $38,650 = $14,350

Thus, the Tadeo's net income for the month of September is $14,350