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  1. business
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  3. account balance accounts payable $ 4,360 accounts

Account Balance Accounts payable $ 4,360 Accounts receivable $ 200 Advertising expense $ 3,200 Bank...

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Accounting

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Account Balance Accounts payable $ 4,360 Accounts receivable $ 200 Advertising expense $ 3,200 Bank loan payable S 8,000 Building (net value) $ 26,100 Cash $ 34,000 Common shares $ 16,000 Cost of goods sold $ 92,000 Depreciation expense, $ 4400 Building Income tax payable To determine Interest expense $ 600 Inventory S 10.800 Land $ 16,000 Prepaid rent $ 9,200 Rent expense $ 1.000 Retained earnings Copening balance January S 46,020 1, 2020) Sales revenue $ 168,000 Supplies *400 Supplies expense $ 200 Unearned revenue $2.400 Wages expense $ 18.000 Using Ben's Inc. account balances, calculate 3- Operating income (profit from operations) Answer: Using Ben's Inc. account balances, calculate 4- Other revenues and expenses Answer: Using Ben's Inc. account balances, calculate 5- Income before income tax

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