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Given the adjusted trial balance for the Tuttle Company, what is the net income for the year ended December 31, 2018. There were no owner
Given the adjusted trial balance for the Tuttle Company, what is the net income for the year ended December 31, 2018. There were no owner investments during the year. Tuttle Company Adjusted Trial Balance December 31, 2018 Debit Credit Cash $ 15,000 Accounts receivable 30.000 Supplies 3.200 Prepaid insurance 7.500 Land 40.000 Building 160,000 Accum. depreciation-building $ 12.000 Equipment 75.000 Accum. depreciation-equipment 12.000 Accounts payable 8.500 Salary payable 2.000 Mortgage payable 125,000 Common stock 21.300 Dividends 23,000 Service revenue 289,000 Salary expense 61,000 Utilities expense 20.900 Insurance expense 14.000 Depreciation expense-building 5.600 Depreciation expense-equipment 600 Supplies expense 14,000 Total $469.800 $469.800
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