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Given the following adjusted trial balance: Debit Credit Cash $1994 Accounts receivable 2518 Inventory 3749 Prepaid rent 103 Equipment 360 Accumulated depreciation-equipment $62 Accounts payable
Given the following adjusted trial balance:
Debit | Credit | |
Cash | $1994 | |
Accounts receivable | 2518 | |
Inventory | 3749 | |
Prepaid rent | 103 | |
Equipment | 360 | |
Accumulated depreciation-equipment | $62 | |
Accounts payable | 98 | |
Unearned service revenue | 146 | |
Common stock | 248 | |
Retained earnings | 7930 | |
Service revenue | 442 | |
Interest revenue | 67 | |
Salaries and wages expense | 190 | |
Travel expense | 79 | |
Total | $8993 | $8993 |
Net income for the year is:
$716. |
$509. |
$240. |
$455. |
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