creepycrepes
creepycrepes
18.02.2021 • 
Business

Given the following adjusted trial balance: Debit Credit
Cash $681
Accounts receivable 860
Inventory 1281
Prepaid rent 35
Equipment 120
Accumulated depreciation-equipment $21
Accounts payable 34
Unearned service revenue 50
Common stock 85
Retained earnings 2710
Service revenue 151
Interest revenue 23
Salaries and wages expense 70
Travel expense 27
Total $3074 $3074
Net income for the year is:.
a. $120.
b. $240.
c. $77.
d. $174.

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