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The following accounts were taken from the Adjusted Trial Balance columns of the work sheet: Accumulated Depreciation $2,557 Fees Earned 15,975 Depreciation Expense 995 Insurance Expense 489 Prepaid Insurance 4,587 Supplies 1,324 Supplies Expense 3,776 Net income for the period is Oa. $10,715 Ob. $8,158 Oc. $5,260 Od. $21,235

The following accounts were taken from the Adjusted Trial Balance columns of the work sheet: Accumulated Depreciation $2,557 Fees Earned 15,975 Depreciation Expense 995 Insurance Expense 489 Prepaid Insurance 4,587 Supplies 1,324 Supplies Expense 3,776 Net income for the period is Oa. $10,715 Ob. $8,158 Oc. $5,260 Od. $21,235

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The following accounts were taken from the Adjusted Trial Balance columns of the work sheet: Accumulated Depreciation $2,557 Fees Earned 15,975 Depreciation Expense 995 Insurance Expense 489 Prepaid Insurance 4,587 Supplies 1,324 Supplies Expense 3,776 Net income for the period is Oa. $10,715 Ob. $8,158 Oc. $5,260 Od. $21,235
Transcribed Image Text:The following accounts were taken from the Adjusted Trial Balance columns of the work sheet: Accumulated Depreciation $2,557 Fees Earned 15,975 Depreciation Expense 995 Insurance Expense 489 Prepaid Insurance 4,587 Supplies 1,324 Supplies Expense 3,776 Net income for the period is Oa. $10,715 Ob. $8,158 Oc. $5,260 Od. $21,235
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