Possible answers

$1400

$1855

$1905

$2060

$4670

Please explain which accounts are included and why (mainly the adjustment columns)

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? Unadjusted Trial Balance Adjustments Credit Debit Credit Debit 975 Prepaid Insurance 3,600 150 Supplies Equalpinment 10,320 140 Accounts payable Unearned fees 4,500 375 Common stock 9180 Dividends 1,650 5,850 Fees earned 375 Rent expense 1,500 300 Salaries expense 2,100 315 Utilities expense 345 nsurance expense 150 70 Supplies expense 190 Depreciation expense equlpment Accumulated deprecation-equipment 190 35 Salaries payable Accounts receivable L300 Totals 20620 1400