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Test 4

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A company's December 31 work sheet for the current period appears below. Based on the information provided, what is net income for the

current period?

13

Unadjusted Trial Balance

Adjustments

Debit Credit

Debit Credit

0127:07

Cash

2,055

955

1,080

1,680 410

730

195

8,400

Prepaid insurance

Supplies

depreciation-equipment

Accounts

Owner, Capital

Owner,

revenue

800

270

1,220

9,590

1,130

7,330

955

1,380

Rent expense

Salaries expense

2,380

425

730

195

Supplies expense

expense-equipment

270