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Given the following adjusted trial balance: Debit Credit Cash $1562 Accounts receivable 1972 Inventory 2937 Prepaid rent 81 Equipment 280 Accumulated depreciation-equipment Accounts payable Unearned
Given the following adjusted trial balance: Debit Credit Cash $1562 Accounts receivable 1972 Inventory 2937 Prepaid rent 81 Equipment 280 Accumulated depreciation-equipment Accounts payable Unearned service revenue Common stock $49 77 115 194 6210 346 Retained earnings Service revenue Interest revenue 53 53 Salaries and wages expense 150 Travel expense 62 Total $7044 $7044 Net income for the year is: $399. $345. O $561. $187
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