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Smiles Entertainment had the following accounts and balances at December 31: Account Debit Credit Cash $11,000 Accounts Receivable 2,200 Prepaid Insurance 2,800 Supplies 1,200 Accounts
Smiles Entertainment had the following accounts and balances at December 31: Account Debit Credit Cash $11,000 Accounts Receivable 2,200 Prepaid Insurance 2,800 Supplies 1,200 Accounts Payable $ 5,500 4,500 1,000 8,000 600 1,200 Common Stock Retained Earnings Service Revenue Salaries Expense Utilities Expense Totals $19,000 $19,000 Using the information in the table, calculate the company's reported net income for the period. Multiple Choice $11,600. $1,300. $4,900. $4,300. $6,200
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