Question
LMN, Inc Trial Balance before Adjustments December 31, 2022 Cash Accounts Receivable Supplies Prepaid Rent Equipment Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue Common
LMN, Inc Trial Balance before Adjustments December 31, 2022 Cash Accounts Receivable Supplies Prepaid Rent Equipment Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Utilities Expense Additional Information: Debits Credits $ 12,600 13,400 2,400 1,500 38,500 $7,700 8,500 9,900 18,000 11,500 600 35,000 19,200 2,400 $90,600 $90,600 A. The equipment was purchased on January 1, 2021. The useful life is estimated to be 5 years, with no salvage value. B. A count of supplies on December 31, 2022 showed $600 of supplies still on hand. C. On December 31, 2022, wages that had been earned by employees, but not yet paid amounted to $800. The next scheduled pay date is January 4, 2023. D. During December, LMN performed $3,300 worth of services, for which it been paid in September. E. On November 1, 2022, LMN paid for 5 months of rent with cash. Determine Net Income for the year ending December 31, 2022. $6,700 $5,800 $9,100 $5,200 $4.600
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