Question

-X Х Data Table Smith Sign Company Adjusted Trial Balance January 31, 2024 nud entry table. Balance Debit Credit Account Title $ 14 200 1.400 1,200 46,000 $ 5,000 3,900 700 Cash Office Supplies Prepaid Rent Equipment Accumulated Depreciation Equipment Accounts Payable Salaries Payable Unearned Revenue Notes Payable (long-term) Common Stock Dividends Service Revenue Salaries Expense Rent Expense Depreciation Expense-Equipment Supplies Expense Utilities Expense Total 3,500 5,700 34,400 700 16,600 3,200 1,200 400 600 900 $ 69,800 S 69,800 Print Done CICA a

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Answer 1

Dire TITLES $ DEBIT COIT 31 Ihanary SERVICE ROVE ME S16600 To INCOME SUMMARY C BLING REVENUE ACCOUNT IS CLOSED) DR $ 16600 JANUARY 56300 $3200 $ 1200 INCOME SUMMARY TO SALARY PAYABLE TO RENT EXPENSE 10 DEPRICIATION EXPENSE To SurPLIES EXPENSE TO UTILITY Expense (BEING EXCENSE ACCOUNT IS CLOSED) ६५०० $ 600 $100 31 JANUARY $ 10 3.0 INCOME SUMMARY (316 600 -56300) $10300 DA To Set HTS FAPITAL RETAINED EARNI (BEING NET INCOME IS Transfered To RetninEO EARNING) RETAINED EARNING AEG DR $ 700 JANUARY TO DIVIDENDS $ 700 ( BEING THE TRANSFER OF DIVIDENO IS DONE)

2. NET INLOME OR NET Loss - TOTAL REvenue - Total Expenses = $16600 $6300 - Slo 300 HENCE NET INCOME OP SMITH = $ 10300