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1.What are the total credits in the trial balance? 2. What is net income for July 2017? 3. What is the missing cash balance? ?
1.What are the total credits in the trial balance?
2. What is net income for July 2017?
3. What is the missing cash balance?
? The accounts in the ledger of Dependable Delivery Service contain the following balances on July 31, 2017 Accounts Receivable $16,400 Prepaid Insurance $1,800 Accounts Payable 12,400 Maintenance and Repairs Expense 1,200 Cash Service Revenue 13,500 Equipment 59,360 Dividends Gasoline Expense 950 Common Stock 50,000 Insurance Expense 600 Salaries and Wages Expense 6,400 Notes Payable, due 2020 28,450 Salaries and Wages Payable 900 Retained Earnings (July 1, 2017) 800 5,200 Instructions Prepare a trial balance with the accounts arranged as illustrated in the chapter, and use the information to answer the following question. Question: What is net income for July 2017Step by Step Solution
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