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Given the following pre-closing trial balance, what is the net income for the period? Account Name Cash Accounts Receivable Inventory Equipment Accounts Payable Interest Payable
Given the following pre-closing trial balance, what is the net income for the period? Account Name Cash Accounts Receivable Inventory Equipment Accounts Payable Interest Payable Notes Payable Common Stock Retained Earnings Sales Revenue Cost of Goods Sold (COGS Supplies Expense Interes Expense Wages Expense Total Debit 10,000 28,850 45,000 73,000 68,000 7,000 150 60,000 292,000 Credit 26,000 500 21,000 12,500 53,000 179,000 292,000
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