Ch3 Answers to be submitted in Canvas Credit Debit $25,000 30,000 250 2,500 1,075,000 1. Net income 2. Total current assets 3. Book value of the equipment 4. Total assets 5. Identify ALL the Permanent accounts from the following: iation Adjusted Trial Balance Cash Accounts receivable Supplies Prepaid Insurance Property, Plant & Equipment Accumulated depreciation Accounts payable Salaries payable Utilities payable Deferred revenue Notes payable (due in 5 yrs) Common stock Retained earnings Dividends Service revenue-new construction Service revenue-remodeling Salaries expense Depreciation expense Interest expense Supplies expense Utilities expense Service fee expense Total $180,000 12,000 8,000 900 3,600 250,000 300,000 225,000 Cash Salaries expense Notes payable Dividends Depreciation expense Service revenue Service fee expense Supplies | Accumulated depreciation 25,000 380,000 320,000 450,000 60,000 3,000 400 7,850 500 $1,679,500 $1,679,500