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Pete's Pets is a local pet store and their accounts and balances, as of the end of January, are include below. All accounts have
Pete's Pets is a local pet store and their accounts and balances, as of the end of January, are include below. All accounts have normal balances. Cash $6,500 Rent Expense $6,000 Wages Expense 22,000 Accounts Receivable 475 Beauty Supplies 2,500 Beauty Supplies Expense 3,425 Beauty Shop Equipment 17,000 Revenue Earned 72,000 Common Stock 21,155 Dividends 36,000 Accounts Payable 745 Prepare a Trial Balance for Pete's Pets, showing that the debits and credits balance. *Extra Credit - 5 points - What is the net income for Pete's Pets?
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