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25. The following items appeared on a company's December 31 work sheet for the current period. ased on the following information, what is net income
25. The following items appeared on a company's December 31 work sheet for the current period. ased on the following information, what is net income for the current period? (@ 20 points) (Use the attached worksheet to compute the net income, if needed.) Unadjusted Trial Balance Adjustments Debit Credit Debit Credit Prepaid insurance Supplies 975 3,600 180 10,320 150 70 .... Equipment. Accounts payable Unearned fees 1,140 4,500 375 9,180 Owner, Capital!.. Owner, Withdrawals Fees earned 1,650 375 300 5,850 Rent expensc. Salaries expense Utilities expense... Insurance expense Supplies expens. Depreciation expense- equipment. 1,500 2,100 345 315 150 70 190 Accumulated depreciation-equipment Salaries payable Accounts receivable Totals... 190 315 300 20,670 20.670 1400 1.400 A. $1,400. B. $1,855. C.$1,0. D. $2,060. E.$4,670
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