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The trial balance below is for Company N. Compute the amount of NET INCOME reported on the Income Statement. Account Cash Inventory Unearned Revenue
The trial balance below is for Company N. Compute the amount of NET INCOME reported on the Income Statement. Account Cash Inventory Unearned Revenue Paid-in Capital Retained Earnings (beginning) Sales Cost of Goods Sold Rent Expense Total $36,000 $7,200 $13,200 $43,200 $19,600 $9,600 Debit Credit $5,600 14,000 $2,400 4,000 6,000 50,000 36,000 6,800 62,400 62,400
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