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Credit 9. Given the following adjusted trial balance: Debit Cash $1,662 Accounts receivable 2,098 Inventory 3,124 Prepaid rent 86 Equipment 300 Accumulated depreciation-equipment Accounts payable
Credit 9. Given the following adjusted trial balance: Debit Cash $1,662 Accounts receivable 2,098 Inventory 3,124 Prepaid rent 86 Equipment 300 Accumulated depreciation-equipment Accounts payable Unearned service revenue Common stock Retained earnings Service revenue Interest revenue Salaries and wages expense 160 Travel expense 66 Total $7.496 Net income for the year is: (Show all your work.) (2 pts) a. $198. b. $370. C. $424. d. $596. 52 82 122 206 6.610 368 56 $7496
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