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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?
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 | 2,005 | ||||||
Accounts receivable | 1,030 | 905 | |||||
Prepaid insurance | 1,630 | 680 | |||||
Supplies | 360 | 145 | |||||
Equipment | 8,350 | ||||||
Accumulated depreciationequipment | 750 | 220 | |||||
Accounts payable | 1,170 | ||||||
Retained earnings | 9,290 | ||||||
Dividends | 1,080 | ||||||
Fees earned | 7,280 | 905 | |||||
Rent expense | 1,330 | ||||||
Salaries expense | 2,330 | ||||||
Utilities expense | 375 | ||||||
Insurance expense | 680 | ||||||
Supplies expense | 145 | ||||||
Depreciation expenseequipment | 220 | ||||||
Totals | 18,490 | 18,490 | 1,950 | 1,950 |
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