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can someone answer these QUESTION 7 3.25 points Save Answer Use the following data for the next 4 questions: Shown below is an adjusted trial

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QUESTION 7 3.25 points Save Answer Use the following data for the next 4 questions: Shown below is an adjusted trial balance for Martins's Candy on December 31, 2008: Martin's Candy Adjusted Trial Balance December 31, 2008 $1,200 Cash 2,200 Accounts Receivable Office Equipment 3,000 $ 500 Accounts Payable 200 Depreciation Expense 400 Accumulated Depreciation 500 Office Supplies 3,200 Common Stock 1,600 Retained Earnings 900 Dividends 8,000 Fees Revenue 400 Office Supplies Expense 300 Prepaid Rent 4,000 Salaries Expense 800 Advertising Expense 200 Rent Expense $13,700 13.700 Compute net income or (loss) for 2008. Save and Submit Save All Answers Click Save and Submit to save and submit. Click Save All Answers to save all answers. SIofi compietion sta Salaries Expense 4,000 800 Advertising Expense 200 Rent Expense $13,700 13.700 Compute net income or (loss) for 2008. $1,500 net income. O$2,400 net income. $(1,000) net loss. $3,200 net income. None of the above. 3.25 points Save Answer QUESTION 8 Compute the ending balance in Retained Earnings as of December 31, 2008, after closing entries are made. $2,200 $4,000 $700 O $3,900 O None of the above. Save and Submit Save All Answers Click Save and Submit to save and submit. Click Save All Answers to save all answers. Question Completion Status: QUESTION 9 3.25 points Save Answer Compute the dollar amount the balance sheet would balance at as of December 31, 2008. $5,900 $7,200 $6,800 $6,300 ONone of the above. 3.25 points Save Answer QUESTION 10 Compute total current assets on the balance sheet as of December 31, 2008. $3,400 $4,200 O $4,700 $3,700 None of the above. 3.25 points Save Answen QUESTION 11 The accountant for the Sun Company forgot to make an adjusting entry to record salaries earned but not paid to employees. The effect of this error would be: Save and Submi Save All Answers Click Save and Submit to save and submit. Click Save All Answers to save all answers

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