Question
Preparing a worksheet The trial balance of telegraphic link at November 30, follows: Telegraphic Link Trial Balance November 30, 2014 Balance Account title Debit Credit
Preparing a worksheet
The trial balance of telegraphic link at November 30, follows:
Telegraphic Link Trial Balance November 30, 2014
| Balance |
|
Account title | Debit | Credit |
Cash | $4,000 |
|
Accounts receivable | 3,200 |
|
Prepaid rent | 1,900 |
|
Office supplies | 3,000 |
|
Equipment | 34,800 |
|
Accumulated depreciationequipment |
| $1,600 |
Accounts payable |
| 5,400 |
Salaries payable |
|
|
Common stock |
| 35,700 |
Dividends | 2,100 |
|
Service revenue |
| 8,600 |
Depreciation expenseequipment |
|
|
Salaries expense | 1,700 |
|
Rent expense |
|
|
Utilities expense | 600 |
|
Supplies expense |
|
|
Total | $51,300 | $51,300 |
Additional information at November 30, 2014
Accrued service revenue, $600.
Depreciation $300.
Accrued salaries expense $800.
Prepaid rent expire, $500.
Office supplies, $100.
Requirements
Complete Telegraphic Links worksheet for the month ended November 30, 2014.
How much was net income for November.
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