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The following table contains financial information for Trumpeter Inc. before closing entries: Cash Supplies Prepaid Rent Salaries Expense Equipment Service Revenue Miscellaneous Expenses Dividends Accounts Payable Common Stock Retained Earnings What is Trumpeter's net income? $12,100 4,600 2,600 5,800 66,200 28,600 21,300 4,700 4,000 66,000 18,700

The following table contains financial information for Trumpeter Inc. before closing entries: Cash Supplies Prepaid Rent Salaries Expense Equipment Service Revenue Miscellaneous Expenses Dividends Accounts Payable Common Stock Retained Earnings What is Trumpeter's net income? $12,100 4,600 2,600 5,800 66,200 28,600 21,300 4,700 4,000 66,000 18,700

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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**Financial Information of Trumpeter Inc.** The following table contains financial information for Trumpeter Inc. before closing entries: | **Item** | **Amount** | |-------------------------------|------------| | Cash | $12,100 | | Supplies | $4,600 | | Prepaid Rent | $2,600 | | Salaries Expense | $5,800 | | Equipment | $66,200 | | Service Revenue | $28,600 | | Miscellaneous Expenses | $21,300 | | Dividends | $4,700 | | Accounts Payable | $4,000 | | Common Stock | $66,000 | | Retained Earnings | $18,700 | **Question:** What is Trumpeter's net income? Answer the question by choosing from multiple choice options provided below.
Transcribed Image Text:**Financial Information of Trumpeter Inc.** The following table contains financial information for Trumpeter Inc. before closing entries: | **Item** | **Amount** | |-------------------------------|------------| | Cash | $12,100 | | Supplies | $4,600 | | Prepaid Rent | $2,600 | | Salaries Expense | $5,800 | | Equipment | $66,200 | | Service Revenue | $28,600 | | Miscellaneous Expenses | $21,300 | | Dividends | $4,700 | | Accounts Payable | $4,000 | | Common Stock | $66,000 | | Retained Earnings | $18,700 | **Question:** What is Trumpeter's net income? Answer the question by choosing from multiple choice options provided below.
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