Question 44 On its unadjusted trial balance, Vail, Inc has a $2,000 credit balance in its revenue accounts and a $1,000 debit balance in its expense accounts Vail completes the necessary adjusting entries for each of the following below 1 The unadjusted trial balance for supplies is $220, however a physical count suggests that only $60 remain 2 Depreciation on its building of $330 3 Salaries owed buy not yet paid, $110 4 Performed services of $220 and billed the customer, expecting to be paid next month 5 The unadjusted trial balance for unearned revenue is $430, however the company determines that it now only owes $60 of the services 6 Accrued income tax expense of $330 What amount of net income should Vail show on its financial statements $240 $660 $990 $1,000 None of the above

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Question 44 On its unadjusted trial balance, Vail, Inc  has a $2,000 credit balance in its revenue accounts and a $1,000 debit balance in its expense accounts  Vail completes the necessary adjusting entries for each of the following below  1  The unadjusted trial balance for supplies is $220, however a physical count suggests that only $60 remain 2  Depreciation on its building of $330  3  Salaries owed buy not yet paid, $110  4  Performed services of $220 and billed the customer, expecting to be paid next month  5  The unadjusted trial balance for unearned revenue is $430, however the company determines that it now only owes $60 of the services  6  Accrued income tax expense of $330  What amount of net income should Vail show on its financial statements  $240  $660  $990  $1,000  None of the above

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Question 44 On its unadjusted trial balance, Vail, Inc. has a $2,000 credit balance in its revenue accounts and a $1,000 debit balance in its

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