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Hello, I need assistance with this accounting homework assignment. I tried but got it wrong and I only got two more attempts and don't understand.
Hello,
I need assistance with this accounting homework assignment. I tried but got it wrong and I only got two more attempts and don't understand. Also, can you show the work for how to get net income. Thanks in advance
Account Dr. Cr. Dr. Cr. Dr. Titles Cash 10.000 Accounts 7.800 i Receivable Prepaid Rent 2,100 Equipment 22.900 Accumulated Depreciation 5,500 -Equip. Notes Payable (due 5,500 in October 2022) Accounts 5,500 Payable Common 18,810 i Stock Retained 7,160 Earnings Dividends 3,400 Service 16,000 Revenue Salaries and Wages 10.620 10,620 Expense Rent 900 900 Expense Depreciation 750 750 Expense Interest 50 50 Expense Interest 50 i 1 Payable Totals 58.520 58,520 12,320 16,000 Net Income Totals 16,000\fThe adjusted trial balance columns of the worksheet for Pronghorn Company are as follows: Complete the worksheet. Pronghorn Company Worksheet (Partial) Income Statement Balance SheetStep by Step Solution
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