Question
Use the following balances from adjusted Trial Balance of ABC Consulting: Cash $24,100; Accounts Payable $2,000; B Conway, Capital $13,000; B Conway, Withdrawal $600; Fees
Use the following balances from adjusted Trial Balance of ABC Consulting: Cash $24,100; Accounts Payable $2,000; B Conway, Capital $13,000; B Conway, Withdrawal $600; Fees Revenue $18,000; Rent Expense $3,000; Supplies Expense $1,900; Advertising Expense $800. What is the net income?
a. $10,500
b. $33,800
c.$22,700
d.$9,700
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Financial Accounting Tools For Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine, Christopher D. Burnley
8th Canadian Edition
111959457X, 978-1119594574
