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Spring company on Sep 30, 2019 shown selected accounts from the trial balance. Cash $19600 Furniture 20000 Prepaid rent 5000 Account payable 6500 Account receivable
Spring company on Sep 30, 2019 shown selected accounts from the trial balance.
Cash
$19600
Furniture
20000
Prepaid rent
5000
Account payable
6500
Account receivable
12000
Rami, capital
50000
Rent, revenue
13000
Service revenue
27000
Salaries expanse
3500
building
25000
Utilities expense
600
Unearned revenue
6500
Rami, drawing
300
Interest expense
500
INSTRUCTIONS:-
1. Compute the total of the credit column in the trial balance?
2. Determine the total assets?
3. Compute the net income or loss for the period
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