Topic 7 sh and Controls The following itens appeared on a company\'s December 31

Question

Topic 7 sh and Controls The following itens appeared on a company's December 31 work sheet for the current period. Based on the following in income for the current period? Unadjusted Trial Balance diust bi it Debit Creit Cash Prepaid insurance Supplies.. Equipment. Accounts payable.... Unearned fees. 975 3,600 180 150 70 10,320 1,140 4,500 375 9,180 Owner, Withdrawals... .1,650 5,850 375 300 .1.500 2100 345 Rent expense. Salaries expense Utilities expense. Insurance expense. Supplies expense. Depreciation expense-equipment .. 315 150 70 90 190 315 Salaries payable.... Accounts receivable .. Totals. 300 20.670 20.670 1400 1.400

Explanation / Answer

Fees earned 6525 =5850+375+300 Expenses: Rent expense 1500 Salaries expense 2415 =2100+315 Utilities expense 345 Insurance expense 150 Supplies expense 70 Depreciation expense-Equipment 190 Total Expenses 4670 Net income 1855

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.