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Using the two columns of numbers calculate the NET INCOME. (NO CLOSING ENTRIES) OBJ.4...

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Accounting

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Using the two columns of numbers calculate the NET INCOME. (NO CLOSING ENTRIES)

OBJ.4 On July 31, 2017, the balances of the accounts appearing in the ledger of Yang Interiors Company, a furniture wholesaler, are as follows: Accumulated Depr.-Building S443,000 Peter Bronsky, Capital S 644,000 Administrative Expenses 534,000 18,000 Peter Bronsky Drawing Building 984,000 Sales 1,745,000 Cash 95,000 Sales Tax Payable 4,500 941,000 194,000 Cost of Merchandise Sold Selling Expenses Interest Expense 7,000 19,000 Store Supplies Merchandise Inventory 140,000 25,500 Store Supplies Expense Notes Payable 121,000

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