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Novak Company was organized on April 1, 2022. The company prepares quarterly financial statements. The adjusted trial balance at June 30 is shown here. Debit
Novak Company was organized on April 1, 2022. The company prepares quarterly financial statements. The adjusted trial balance at June 30 is shown here. Debit Credit Cash $ 6,749 Accumulated Depreciation-Equipment $ 882 Accounts Receivable 614 Notes Payable 5.040 Prepaid Rent 898 Accounts Payable 1.000 Supplies 1.150 Salaries and Wages Payable 378 Equipment 15.120 Interest Payable 55 Dividends 630 Unearned Rent Revenue 504 Selaries and Wages Expense 9,324 Common Stock 14,089 Rent Expense 1,512 Service Revenue 14,309 Depreciation Expense 882 Rent Revenue 1,386 Supplies Expense 197 $37.643 Utilities Expense 512 Interest Expense 55 $37,643 Determine the net income for the quarter April 1 to June 30. Net income $ eTextbook and Media Determine the total assets and total liabilities at June 30, 2022. for Novak Company Novak Company Total assets Total liabilities $ eTextbook and Media Determine the amount that appears for Retained Earnings at June 30.2022. Retained Earnings, June 30 $
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