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QUESTION 16 LO 2.5) P.1. Beerbo has accounts with beginning balances as follows: Accounts Payable.. $2,000 Accounts Receivable. $4,500 . Cash..... $26,000 Common Stock.

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QUESTION 16 LO 2.5) P.1. Beerbo has accounts with beginning balances as follows: Accounts Payable.. $2,000 Accounts Receivable. $4,500 . Cash..... $26,000 Common Stock. $10,000 Dividends.. .$0 Interest Expense.. $0 Land.. $0 Notes Payable..... .$0 Retained Earnings. $18,500 Salaries Expense.. $0 Service Revenue.. $0 . Supplies....... $0 Supplies Expense.. $0 Utilities Expense.... $0 Part 3: After completing the trial balance, we can see that Beerbo's net income must have been $0

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