statements. The adjusted trial balance amounts at June 30 are shown below. Cash Accounts Receivable Prepaid Rent Supplies Equipment Dividends Debit Credit $ 6,700 Accumulated Depreciation-Equipment $ 850 600 Notes Payable 900 Accounts Payable 1,000 Salaries and Wages Payable 15,000 Interest Payable 600 Unearned Rent Revenue Salaries and Wages Expense 9,400 Rent Expense Depreciation Expense Supplies Expense Utilities Expense Interest Expense Common Stock 1,500 Retained Earning 850 Service Revenue 200 Rent Revenue 510 5,000 1,510 400 50 500 14,000 0 14,200 800 50 $37,310 Q7 Determine the net income for the quarter April 1 to June 30. $37,310 A. $15,000 B. $2,480 C. $2,490 D. $12,510 Q8 Determine the total assets and total liabilities at June 30, 2017, for Skolnick Co. A. Total assets are $24,200 and total liabilities are $7,410. B. Total assets are $23,350 and total liabilities are $7,460. C. Total assets are $22,500 and total liabilities are $7,360. D. None of the above numbers are correct. Q9 Determine the balance in Retained Earnings at June 30, 2017. A. $2,490 B. $1,880 C. $3,090 D. $1,890