DMJ company's December 31 work sheet for the current period appears below. Unadjusted Adjustments Trial Balance Debit Credit Debit Credit Cash 1075 Accounts receivable 300 Prepaid insurance 4,600 150 Supplies Equipment Accumulated depreciation- equipment Accounts payable 200 70 11,320 190 1,240 Salaries payable 315 Unearned fees 5,500 375 Owner, Capital Owner, Withdrawals 10,200 2,650 Fees earned 8,850 375 300 Rent expense 3,500 Salaries expense Utilities expense 2,100 315 345 Insurance expense 150 Supplies expense 70 Depreciation expense-equipment 190 Totals 25,790 25,790 1,400 1,400
DMJ company's December 31 work sheet for the current period appears below. Unadjusted Adjustments Trial Balance Debit Credit Debit Credit Cash 1075 Accounts receivable 300 Prepaid insurance 4,600 150 Supplies Equipment Accumulated depreciation- equipment Accounts payable 200 70 11,320 190 1,240 Salaries payable 315 Unearned fees 5,500 375 Owner, Capital Owner, Withdrawals 10,200 2,650 Fees earned 8,850 375 300 Rent expense 3,500 Salaries expense Utilities expense 2,100 315 345 Insurance expense 150 Supplies expense 70 Depreciation expense-equipment 190 Totals 25,790 25,790 1,400 1,400
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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What is the net incom?
Transcribed Image Text:DMJ company's December 31 work sheet for the current period appears below.
Unadjusted
Adjustments
Trial Balance
Debit
Credit
Debit
Credit
Cash
1075
Accounts receivable
300
Prepaid insurance
4,600
150
Supplies
200
70
Equipment
Accumulated depreciation-
equipment
11,320
190
Accounts payable
1,240
Salaries payable
315
Unearned fees
5,500
375
Owner, Capital
10,200
Owner, Withdrawals
2,650
Fees earned
8,850
375
300
Rent expense
3,500
Salaries expense
2,100
315
Utilities expense
345
Insurance expense
150
Supplies expense
70
Depreciation expense-equipment
190
Totals
25.790
25,790
1,400
1,400
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