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Revenue on account amounted to $4,200. Cash collections of accounts receivable amounted to $2,450. Expenses for the period were $2,200. The company paid dividends of $500. What was the amount of net income for the period? Jack's Snow Removal Company received a cash advance of $9,300 on December 1, Year 1 to provide services during the months of December, January, and February. The year-end adjustment on December 31, Year 1, to recognize the partial expiration of the contract will The following account balances were drawn from the financial statements of Grayson Company: Cash Accounts receivable Land $ 6,200 Accounts payable $ 3,300 Common stock $ 9,800 Retained earnings, January 1 Revenue Expenses $ 2,150 2 $ 4,500 $ 11,300 $ 8,150 Based on the above information, what is the balance of Common Stock for Grayson Company? Prior to closing the accounts, Syracuse Company's accounting records showed the following balances: Retained earnings Service revenue Interest revenue Salaries expense Operating expense Interest expense Dividends $ 8,150 8,950 1,450 5,800 2,000 1,150 1,750 After closing the accounts, Syracuse's retained earnings balance would be Sheldon Company began Year 1 with $1,100 in its supplies account. During the year, the company purchased $3,200 of supplies on account. The company paid $2,000 on accounts payable by year end. At the end of Year 1, Sheldon counted $1700 of supplies on hand. Sheldon's financial statements for Year 1 would show

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