Depre Merchanese Notes payable Prepaidinsurance Retained camice Salanies ex Su U

Question

Depre Merchanese Notes payable Prepaidinsurance Retained camice Salanies ex Su Unearned reven Total 460 460 22. Please refer to the Cardinal Company trial balance above. How much is net income? A) $123 B) $41 C) S65 D) $59 23. Please refer to the Cardinal Company trial balance above. How much is current assets? A) $112 B) $319 C) $297 D) $9 24. Please refer to the Cardinal Company trial balance above. How much is net property, plant A) $176 B) $198 C) $185 D) $140 25. Please refer to the Cardinal Company trial balance above. How much is total liabilities? A) $433 B) $112 C) $134 D) $294

Explanation / Answer

22 - D

23 - A

24 - A

25 - B

Sales $182 Cost of goods sold -$40 Supplies expenses -$16 Salaries Expenses -$53 Insurance expense -$6 Depreciation expense -$8 Net income $59

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