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Bergeron, Inc.'s, trial balance follows: EEB (Click the icon to view the trial balance.) Compute these amounts for the business: 1. Total assets 2. Total
Bergeron, Inc.'s, trial balance follows: EEB (Click the icon to view the trial balance.) Compute these amounts for the business: 1. Total assets 2. Total liabilities 3. Net income or net loss during October 1. Compute the total assets for the business. (If a box is not used in the table leave the box empty, do not select a label or enter a zero.) Data Table Account Amount Bergeron, Inc. Trial Balance October 31, 2016 Balance Account Title Cash Accounts receivable Supplies Land Debit Credit S 6,500 19,000 5,500 53,000 29,000 Total assets 2. Compute the total liabilities for the business. (if a box is not used in the table leave the box empty, do not select a label or enter a zero.) Account Amount Accounts payable Note payable Common stock Retained earnings Service revenue Salary expense Rent expense Utilities expense Total S 45,000 23,000 8,000 5,000 74,100 Total liabilities 3. Select the labels and compute the net income or net loss during October. (Use parentheses or a minus sign when entering a net loss.) - Net income (net loss) 30,000 11,500 600 S 155,100 S 155,100 Print Done
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