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The following accounts were taken from the Adjusted Trial Balance columns of the end-of-period spreadsheet: Accumulated Depreciation $ 3,200 Fees Earned 17,400 Depreciation Expense 1,300
The following accounts were taken from the Adjusted Trial Balance columns of the end-of-period spreadsheet:
Accumulated Depreciation | $ 3,200 |
Fees Earned | 17,400 |
Depreciation Expense | 1,300 |
Insurance Expense | 400 |
Prepaid Insurance | 4,800 |
Supplies | 900 |
Supplies Expense | 3,800 |
Net income for the period is
Group of answer choices
a)$5,500
b)$11,900
c)$17,400
d)$8,700
please help which one is the correct answer?
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