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Please help me find the preliminary net income, and show work. Transaction General Journal Debit Credit a. Cash 115,000 Note Payable (long-term) 115,000 b. Accounts
Please help me find the preliminary net income, and show work.
| Transaction | General Journal | Debit | Credit |
| a. | Cash | 115,000 | |
| Note Payable (long-term) | 115,000 | ||
| b. | Accounts Receivable | 4,950 | |
| Service Revenue | 4,950 | ||
| c. | Rent Expense | 890 | |
| Cash | 890 | ||
| d. | Cash | 470 | |
| Service Revenue | 470 | ||
| e. | Advertising Expense | 530 | |
| Accounts Payable | 530 |
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Top Accounting And Auditing Issues For 2021 CPE Course
Authors: CCH Tax Law Editors
1st Edition
0808055348, 978-0808055341
