Question
The adjusted trial balance of Ryan Financial Planners appears below. Using this information, what is the company's operating income? RYAN FINANCIAL PLANNERS Adjusted Trial Balance
The adjusted trial balance of Ryan Financial Planners appears below. Using this information, what is the company's operating income?
RYAN FINANCIAL PLANNERS
Adjusted Trial Balance
31-Dec-07
Debit Credit
Cash 4,400
Accounts Receivable 2,200
Office Supplies 1,800
Office Equipment 20,000
Accumulated Depreciation -- Office Equipment 4,000
Accounts Payable 3,800
Unearned Revenue 5,000
Common Stock 10,000
Retained Earnings 4,400
Dividends 2,500
Service Revenue 3,700
Office Supplies Expense 600
Depreciation Expense 2,500
Rent Expense 1,900
33,400 33,400
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