32. At year-end, a trial balance showed total credits exceeding total debits by $6,200. This difference could have been caused by:

55. A company purchased $11,500 of merchandise on June 15 with terms of 2/10, n/45, and FOB shipping point. The freight charge, $1,250, was added to the invoice amount. On June 20, it returned $2,000 of that merchandise. On June 24, it paid the balance owed for the merchandise taking any discount it is entitled to. The cash paid on June 24 equals:

77. Flagg records adjusting entries at its December 31 year end. At December 31, employees had earned $8,000 of unpaid and unrecorded salaries. The next payday is January 3, at which time $20,000 will be paid. Prepare the journal entry on January 3 to record payment assuming the adjusting and reversing entries were made on December 31 and January 1.

84. 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		Credit
Cash	2,045
Accounts receivable	1,070				945
Prepaid insurance	1,670						720
Supplies	400						185
Equipment	8,390
Accumulated depreciationequipment			790				260
Accounts payable			1,210
Owner, Capital			9,530
Owner, Withdrawals	1,120
Fees earned			7,320				945
Rent expense	1,370
Salaries expense	2,370
Utilities expense	415
Insurance expense					720
Supplies expense					185
Depreciation expenseequipment					260
Totals	18,850		18,850		2,110		2,110