The following information relates to At-Tufail Co. for the year ending December 31, 2019. Accounts payable OMR 18,000 Accounts receivable 11.000 Accumulated depreciation - equipment 28,000 Advertising expense 21,000 Unearned Service revenue 15,000 Shared, Capital 102.000 Dividends 14.000 Depreciation expense 12.000 Insurance expense 3,000 Note payable, due 6/30/2020 70,000 Prepaid insurance 6.000 Rent expense 17,000 Salaries expense 32.000 Service revenue 133,000 Supplies 4,000 Supplies expense 6,000 210.000 Equipment What is the company's net income for the year ending December 31, 2019?
The following information relates to At-Tufail Co. for the year ending December 31, 2019. Accounts payable OMR 18,000 Accounts receivable 11.000 Accumulated depreciation - equipment 28,000 Advertising expense 21,000 Unearned Service revenue 15,000 Shared, Capital 102.000 Dividends 14.000 Depreciation expense 12.000 Insurance expense 3,000 Note payable, due 6/30/2020 70,000 Prepaid insurance 6.000 Rent expense 17,000 Salaries expense 32.000 Service revenue 133,000 Supplies 4,000 Supplies expense 6,000 210.000 Equipment What is the company's net income for the year ending December 31, 2019?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The following information relates to At-Tufail Co. for the year ending December 31, 2019.
Accounts payable
OMR 18,000
Accounts receivable
11,000
Accumulated depreciation - equipment
28,000
Advertising expense
21,000
Unearned Service revenue
15,000
Shared, Capital
102,000
Dividends
14,000
Depreciation expense
12,000
Insurance expense
3,000
Note payable, due 6/30/2020
70,000
Prepaid insurance
6,000
Rent expense
17,000
Salaries expense
32,000
Service revenue
133,000
Supplies
4,000
Supplies expense
6,000
210,000
Equipment
What is the company's net income for the year ending December 31, 2019?
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