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Given the following adjusted trial balance: Debit Credit Cash $1596 Accounts receivable 2014 Inventory 2999 Prepaid rent 83 Equipment 290 Accumulated depreciation-equipment Accounts payable
Given the following adjusted trial balance: Debit Credit Cash $1596 Accounts receivable 2014 Inventory 2999 Prepaid rent 83 Equipment 290 Accumulated depreciation-equipment Accounts payable $50 79 Unearned service revenue Common stock 117 192 Retained earnings Service revenue 6350 353 Interest revenue 54 Salaries and wages expense 150 Travel expense 63 Total $7195 $7195 Net income for the year is: $353. O $407. O $575. O $194,
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