Question

-of-Chapter Practice Question 43 of 52 Credit $700 4,100 10,000 2,900 2,000 Ivanhoe Enterprises Adjusted Trial Balance December 31, 2020 Account Debit Cash $2,000 Accounts Receivable 14,900 Allowance for Doubtful Accounts Prepaid Insurance 1,800 Equipment 24,800 Accumulated Depreciation Notes Payable Accounts Payable Salaries and Wages Payable Interest Payable Common Stock Retained Earnings Dividends 2.200 Service Revenue Salaries and Wages Expense 84,700 Rent Expense 23.000 Supplies Expense 5,700 Insurance Expense 4,300 Interest Expense 900 1.300 Depreciation Expense 2.100 $167.700 100 15.000 7.200 125.700 Bad Debt Expense $167.700 Ivanhoe Enterprises Income Statement

Answer 1

Particulars	Amount
Revenue
Service Revenue	125700
Expenses
Salaries and wages expense	84700
Rent Expense	23000
Supplies expense	5700
Insurance expense	4300
Interest expense	900
Bad debt expense	1300
Depreciation expense	2100
Total Expenses	122000
Net Income	3700