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