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$8 01:07:25 TB MC Qu. 03-270 (Algo) A company's December 31 work sheet for the current... A company's December 31 work sheet for the current
$8 01:07:25 TB MC Qu. 03-270 (Algo) A company's December 31 work sheet for the current... 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 Cash Accounts Receivable Prepaid insurance Supplies Equipment Accumulated depreciation-equipment Accounts payable Retained earnings Dividends Services revenue Rent expense Salaries expense Utilities expense Insurance expense Supplies expense Depreciation expense-equipment Totals Debit 2,125 1,150 1,750 480 8,470 1,200 1,450 2,450 495 19,570 Credit 870 1,290 10, 010 7,400 19, 570 Adjustments Debit Credit 1,025 800 265 340 2,430 800 265 340 1,025 2,430
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