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The following table contains financial information for Trumpeter Inc. before closing entries: Cash $12,200 Supplies 5,600 Prepaid Rent 3,100 Salary Expense 4,800 Equipment 66,000 Service
The following table contains financial information for Trumpeter Inc. before closing entries:
| Cash | $12,200 |
| Supplies | 5,600 |
| Prepaid Rent | 3,100 |
| Salary Expense | 4,800 |
| Equipment | 66,000 |
| Service Revenue | 28,700 |
| Miscellaneous Expenses | 22,000 |
| Dividends | 3,600 |
| Accounts Payable | 3,400 |
| Common Stock | 67,100 |
| Retained Earnings | 18,100 |
What is Trumpeter's net income?
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Fundamental Financial Accounting Concepts
Authors: Thomas Edmonds
7th Edition
73527122, 978-0073527123
