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 2,135 Accounts receivable 1,160 1,035 Prepaid insurance 1,760 810 Supplies 490 275 Equipment 8,480 Accumulated depreciationequipment 880 350 Accounts payable 1,300 Owner, Capital 10,070 Owner, Withdrawals 1,210 Services revenue 7,410 1,035 Rent expense 1,460 Salaries expense 2,460 Utilities expense 505 Insurance expense 810 Supplies expense 275 Depreciation expenseequipment 350 Totals 19,660 19,660 2,470 2,470 $2,985. $4,020. $1,550. $1,900. $2,585
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