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Business
Accounting
Unadjusted Trial Balance Debit 975 Adjustments Credit Credit Debit Cash Accounts receivable Prepaid insurance Supplies Equipment Accumulated depreciation-equipment Accounts payable Salaries payable Unearned revenue 300 3,600 150 180 70 10,320 190 1,140 315 4,500 375 Owner, Capital Owner, Withdrawals Services revenue 9,180 1,650 5,850 375 300 Rent expense Salaries expense Utilities expense Insurance expense 1,500 2,100 315 345 150 Supplies expense Pepreciation expense-equipment 70 190 ptals 20,670 20,670 1,400 1,400

Unadjusted Trial Balance Debit 975 Adjustments Credit Credit Debit Cash Accounts receivable Prepaid insurance Supplies Equipment Accumulated depreciation-equipment Accounts payable Salaries payable Unearned revenue 300 3,600 150 180 70 10,320 190 1,140 315 4,500 375 Owner, Capital Owner, Withdrawals Services revenue 9,180 1,650 5,850 375 300 Rent expense Salaries expense Utilities expense Insurance expense 1,500 2,100 315 345 150 Supplies expense Pepreciation expense-equipment 70 190 ptals 20,670 20,670 1,400 1,400

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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Based on the information provided, what is net income for the current period

Unadjusted Trial Balance Debit Adjustments Debit Credit Credit Cash 975 Accounts receivable Prepaid insurance Supplies Equipment Accumulated depreciation-equipment Accounts payable Salaries payable 300 3,600 150 180 70 10,320 190 1,140 315 Unearned revenue 4,500 375 Owner, Capital Owner, Withdrawals Services revenue 9,180 1,650 5,850 375 300 Rent expense 1,500 Salaries expense Utilities expense 2,100 315 345 Insurance expense 150 Supplies expense Depreciation expense-equipment 70 190 Totals 20,670 20,670 1,400 1,400
Transcribed Image Text:Unadjusted Trial Balance Debit Adjustments Debit Credit Credit Cash 975 Accounts receivable Prepaid insurance Supplies Equipment Accumulated depreciation-equipment Accounts payable Salaries payable 300 3,600 150 180 70 10,320 190 1,140 315 Unearned revenue 4,500 375 Owner, Capital Owner, Withdrawals Services revenue 9,180 1,650 5,850 375 300 Rent expense 1,500 Salaries expense Utilities expense 2,100 315 345 Insurance expense 150 Supplies expense Depreciation expense-equipment 70 190 Totals 20,670 20,670 1,400 1,400
Multiple Choice $1,400. $1,855, $1,905. $2,060. $4,670.
Transcribed Image Text:Multiple Choice $1,400. $1,855, $1,905. $2,060. $4,670.
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