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Retained + Stock + Earnings 6,000 NA NA NA NA 6,000 + + + + + + 2,000 NA 27,000 NA (9,000) 20,000 Income Statement Rev. -0NA 27,000 NA NA 27,000 Exp....
Retained + Stock + Earnings 6,000 NA NA NA NA 6,000 + + + + + + 2,000 NA 27,000 NA (9,000) 20,000 Income Statement Rev. -0NA 27,000 NA NA 27,000 Exp. T he difference in net income and cash flow from operating activities of $1,000 ($18,000 $17,000) is attributed to recognizing supplies expense of $9,000 in the income statement, whereas the cash payment on accounts payable (for supplies) was $10,000. What is the difference between a cost and an expense?