Donakdson\'s Delivery Company began operations on January 1, 2019. The following

Question

Donakdson's Delivery Company began operations on January 1, 2019. The following Donaldson's Delivery Service Company Trial Balance December 31, 2019 Debit $15,500 8,000 2,400 1.400 25,000 32,000 23,000 Credit Account Title Cash Accounts Receivable Prepaid Rent Office Supplies Land Building Equipment Accounts Payable Unearned Revenue Notes Payable Donaldson, Capital Donaldson, Withdrawals Service Revenue Salaries Expense Rent Expense Truck Expense Office Expense Total $10,400 2,500 20,000 57,000 6,400 83,900 28,000 18,000 12,400 1.700 $173800$173,800 What is the net income for the year ending December 31. 20197 e $17,400 $23,800 $26,300 574 400

Explanation / Answer

The correct choice is $ 23,800

Net Income = Revenues - expenses

Net income = $ 83,900 - $ 28,000 - $ 18,000 - $ 12,400 - $ 1700

Net income = $ 23,800

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