Windsor Conpany was organized on April 1, 2020. The conpang prepares quarterly financial statement. The...
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Windsor Conpany was organized on April 1, 2020. The conpang prepares quarterly financial statement. The adjusted trual balance amounts at June 30 are shown below.
\begin{tabular}{lrllr} & Debit & & Credit \\ Cash & $6,500 & Accumulated Depreciation-Equipment & $700 \\ Accounts Receivable & 380 & Notes Payable & 3,500 \\ Prepaid Rent & 600 & Accounts Payable & 800 \\ Supplies & 800 & Salaries and Wages Payable & 300 \\ Equipment & 12,900 & Interest Payable & 50 \\ Dividends & 600 & Unearned Rent Revenue & 400 \\ Salaries and Wages Expense & 7,900 & Common Stock & 14,280 \\ Rent Expense & 1,300 & Service Revenue & 11,300 \\ Depreciation Expense & 700 & Rent Revenue & 1,100 \\ Supplies Expense & 200 & & $32,430 \\ \hline Utilities Expense & 500 & & \\ Interest Expense & 50 & & & \end{tabular} Determine the net income for the quarter April 1 to June 30. Net income
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