Question
Donaldson's Delivery Company began operations on January 1, 2019. The following Trial Balance was prepared on December 31, 2019. Donaldson's Delivery Service Company Trial Balance
Donaldson's Delivery Company began operations on January 1, 2019. The following Trial Balance was prepared on December 31, 2019.
| Donaldson's Delivery Service Company | |||
| Trial Balance | |||
| December 31, 2019 | |||
| Account Title | Debit | Credit | |
| Cash | $15,500 | ||
| Accounts Receivable | 8,000 | ||
| Prepaid Rent | 2,400 | ||
| Office Supplies | 1,400 | ||
| Land | 25,000 | ||
| Building | 32,000 | ||
| Equipment | 23,000 | ||
| Accounts Payable | $10,400 | ||
| Unearned Revenue | 2,500 | ||
| Notes Payable | 20,000 | ||
| Common Stock | 57,000 | ||
| Dividends | 6,900 | ||
| Service Revenue | 79,000 | ||
| Salaries Expense | 34,000 | ||
| Rent Expense | 14,000 | ||
| Truck Expense | 5,000 | ||
| Office Expense | 1,700 | ||
| Total | $168,900 | $168,900 | |
What is the net income for the year ended December 31, 2019?
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