A company's December 31 work sheet for the current period appears below. Based on the information provided, what is net income for the current period? Unadjusted Trial Balance Adjustments Debit Credit Debit CreditCash1,975 Accounts receivable1,000 875 Prepaid insurance1,600 650Supplies330 115Equipment8,320 Accumulated depreciation-equipment 720 190Accounts payable 1,140 Owner, Capital 9,110 Owner, Withdrawals1,050 Fees earned 7,250 875Rent expense1,300 Salaries expense2,300 Utilities expense345 Insurance expense 650 Supplies expense 115 Depreciation expense-equipment 190 Totals18,220 18,220 1,830 1,830
A. $3,225.
B. $2,350.
C. $4,180.
D. $3,305.
E. $2,540.
Answer: A
You might also like to view...
Futures" currency contracts are issued by commercial banks and are tailored in size to the needs of the exporter or importer, while "forward" currency contracts are issued by the International Monetary Market in standardized round lots.
a. True b. False
Figure 4-2Figure 4-2 above shows the recent ratings from independent rating agencies for selected smartphone brands and models for Verizon customers. Which smartphone seems to have the highest rating (EXCLUDING price considerations)?
A. Motorola Droid Razor B. Blackberry Z 30 C. HTC One D. LG G2 E. Apple iPhone 6
Which of the following statements means the same as easy to manage content?
A. The website cannot organize customer data. B. Website owners can make changes only with the aid of MIS professionals. C. Users can update data-driven website with little or no training. D. Users with extensive training can update data-driven websites.
A select operation pares down a table in a relational database by eliminating columns according to certain criteria
Indicate whether the statement is true or false