Question

He A company's December 31 work sheet for the current period appears bekow. Based on the information provided, what is net income for the currert period? Unadjusted Trial Balance Adjustments Debit Credit Debit Credit Cash 2,005 1,030 Accounte receivable Prepaid insurance Supplies Equipment Accumulated depreciation-eqquipnent Accounta payable Retained earninga 905 1, 630 680 360 145 8,350 750 220 1,170 9,290 Dividenda 1,080 Feea earned 7,280 905 Rent expense 1,330 2,330 Salaries expense Otilities expense Insurance expense 375 680 Supplies expenae Depreciation expense-equipent 145 220 Totala 18, 490 18, 490 1,950 1,950 Mutiple Choice $3.245 $4150 $2.200 $2420

Answer 1

solution particular Amount Amount 8185 - 1330 -2330 Revenue ( 7280 +905) Expergesi Rent experse salaries expense utillties expense Insurance expense supplees expense Ре крепле – eappment 375 - 680 -145 ~220 - 5080 Net Income 3105