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The following accounts were taken from the Adjusted Trial Balance columns of the work sheet: Accumulated Depreciation $2,858 Fees Earned 17,573 Depreciation Expense 1,187 Insurance
The following accounts were taken from the Adjusted Trial Balance columns of the work sheet:
| Accumulated Depreciation | $2,858 |
| Fees Earned | 17,573 |
| Depreciation Expense | 1,187 |
| Insurance Expense | 557 |
| Prepaid Insurance | 3,566 |
| Supplies | 1,349 |
| Supplies Expense | 3,896 |
Net income for the period is
a.$11,933
b.$23,213
c.$9,075
d.$5,640
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Intermediate Accounting principles and analysis
Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso
2nd Edition
