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A company's December 31 work sheet for the current period appears below. Based on the...

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Accounting

A company's December 31 work sheet for the current period appears below. Based on the information provided, what is net income for the current period? Unadjusted Trial Balance Adjustments Debit Credit Debit Credit Cash 1,105 Accounts receivable 430 Prepaid insurance 4,900 280 Supplies 310 200 Equipment 14,220 Accumulated depreciationequipment 320 Accounts payable 2,440 Salaries payable 445 Unearned fees 5,800 505 Owner, Capital 11,780 Owner, Withdrawals 2,950 Fees earned 10,140 505 430 Rent expense 2,800 Salaries expense 3,400 445 Utilities expense 475 Insurance expense 280 Supplies expense 200 Depreciation expenseequipment 320 Totals 30,160 30,160 2,180 2,180

Multiple Choice

  • $2,180.

  • $3,155.

  • $3,465.

  • $3,620.

  • $8,440.

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