Question
1) Baltimore Company's complete a assets and liabilities are Accounts Receivable $3,150, Equipment $9,400, Accounts Payable $5,900, Prepaid Rent $2,050, Supplies $575, Bank Loan $3,250,
1) Baltimore Company's complete a assets and liabilities are Accounts Receivable $3,150, Equipment $9,400, Accounts Payable $5,900, Prepaid Rent $2,050, Supplies $575, Bank Loan $3,250, and Tools $635.Baltimore's total equity is: (All account balances are normal.)
2) Baltimore Company experienced an increase in total assets of $10,500 during the current year.During the same time period, total liabilities increased $2,600.Shareholders made no investments during the year and no dividends were paid.How much was Baltimore's net income.
3) Annapolis Corporation's trial balance included debits to expense accounts of $150,000, credits to revenue accounts of $243,000, and debits to the Dividends account of $50,000.Based on this information, what is the amount of the company's net income or loss.Enter a loss as a negative number.
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