Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. \table[[cash,debit,credit],[accounts receivable,$1

\table[[Cash,Debit,Credit],[Accounts receivable,$19,100,],[Inventory,10,200,],[Prepaid rent,15,620,],[Equipment,480,],[Accumulated depreciation-equipment,16,705,],[Accounts payable,,1,800],[Unearned service revenue,,4,100],[Common stock,,765],[Retained earnings,,10,300],[Dividends,,33,050],[Sales revenue,9,600,],[Rent expense,,129,600],[Cost of goods sold,15,760,],[Salaries and...

80.2K

Verified Solution

Question

Accounting

\table[[Cash,Debit,Credit],[Accounts receivable,$19,100,],[Inventory,10,200,],[Prepaid rent,15,620,],[Equipment,480,],[Accumulated depreciation-equipment,16,705,],[Accounts payable,,1,800],[Unearned service revenue,,4,100],[Common stock,,765],[Retained earnings,,10,300],[Dividends,,33,050],[Sales revenue,9,600,],[Rent expense,,129,600],[Cost of goods sold,15,760,],[Salaries and wages expense,71,650,],[Tax expense,15,900,],[, Total,4,600,],[,$179,615??,$179,615??,]]
Net income for the year is:
$7,490
$17,090
$21,690
$40,540
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Programming
1.2K views

You need to make an AngryBear class.(In java) The AngryBear class must have 2 instance variables. The...

Psychology
1.2K views

Report any past experiences in which you changed your opinion about a person after working or...

Basic Math
1.2K views

Grear Tire Company has produced a new tire with an estimated mean lifetime mileage of 36,500...

Biology
1.2K views

6 What is a precursor cell of macrophages histiocytes A Langerhans cell B Dendritic cell...

Biology
1.2K views

The mutant coding DNA strand 5 GGCCATGACAGAGGAGAAAAAGTTATTGCT 3 Write the mRNA sequence for this patient...

Geometry
1.2K views

New parents wish to save for their newborn s education and wish to have 48...

Calculus
1.2K views

Expand log 34 to rewrite as a sum difference or product of logarithms Choose all...

Accounting
1.2K views

On October 15, 2017, the board of directors of Ensor Materials Corporation approved a stock...

Accounting
1.2K views

Covington Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31,...

Accounting
1.2K views

The length of time covered by a set of periodic financial statements, primarily a year...

Accounting
1.2K views

Go to the Quarter 3 worksheet, and then type Original data in cell A26 to...

Accounting
1.2K views

You have been asked to audit the financial statements of Williams Company and report on...