You have possession of Auto repair business. For the month of June, 1997, the business charged its customers $4000 and used supplies, equipment and labor for a total of $3000. The business has: ( )
A.
suffered a loss of $1000 for the month of June
B.
earned a profit of $1000 for the month of June
C.
acquired a liability of $1000 during the month of June
D.
acquired an asset of $1000 during the month of June
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