Question
Skip to main content Test 4 Answer Saved Help opens in a new window Item 14 Time Remaining 1 hour 6 minutes 1
Skip to main content\ Test 4\ \ Answer Saved\ Help opens in a new window\ Item 14\ Time Remaining 1 hour 6 minutes 1\ \ 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\ Debit Credit Debit Credit\ Cash 995 \ Accounts receivable 320 \ Prepaid insurance 3,800 170\ Supplies 200 90\ Equipment 10,920 \ Accumulated depreciationequipment 210\ Accounts payable 1,340 \ Salaries payable 335\ Unearned revenue 4,700 395 \ Owner, Capital 9,580 \ Owner, Withdrawals 1,850 \ Services revenue 6,510 715\ Rent expense 1,700 \ Salaries expense 2,300 335 \ Utilities expense 365 \ Insurance expense 170 \ Supplies expense 90 \ Depreciation expenseequipment 210 \ Totals 22,130 22,130 1,520 1,520\ \ Multiple Choice\ \ $5,250.\ \ $1,520.\ \ $2,145.\ \ $2,055.\ \ $2,300.\
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