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

Q

What should be the dimensions of a rectangle inscribed in a semicircle of radius 5 centimeters...

Basic Math
Q

find the sample size needed to give with 99% confidence a margin of error of plus...

Basic Math
Q

a mixture of 50%He and 50% n2 (by volume) at 300k in a 1L cylinder is...

Chemistry
Q

Write a short paragraph (50-100 words) about artificial valves that incorporates all of the following terms:...

Biology
Q

An object of mass m1 = 0.415 kg starts from rest at point  and slides down an incline surface...

Physics
Q

Milbank Repairs & Service, an electronics repair store, prepared the following unadjusted trial balance at the...

Accounting
Q

If the speed of the dart is vo just before it strikes the apple, how...

Physics
Q

1 point 5 letter words are formed using the letters A B C D E...

Basic Math
Q

1. Jack and Jill both ordered pizzas from Wayne's Pizza for their parties. Jack paid...

Basic Math
Q

6 and 7 Quiz for ss K Que Construct a 90 confidence from two foot...

Statistics
Q

Instructions Use algebraic techniques to solve problems unless otherwise instructed Show the calculations leading to...

Calculus
Q

Sheldon Company tena inversiones de propietario de $1,000; ingreso neto durante el perodo de $5,000;...

Accounting