s Question Completion Status: Question 1 Answer the question based on the follow

Question

s Question Completion Status: Question 1 Answer the question based on the following adjasted trial balance Debit Credit Cash Accounts receivable Inventory Prepaid rent Equipment Accumulated depreciation-equipmernt Accounts payable Unearned service revenue Common stock Retained earnings Service revenue Interest revenue Salaries and wages expense Travel expense $9,372 12,588 18,744 516 1,800 312 492 732 1,236 39,660 1,608 336 960 Total 44.376 $44.376 Net income for the year is: O a. $2,976 O b. $1,944 ?. $1,620. e. None of the above here to search

Explanation / Answer

d. $ 588

working:

Calculation of Net Income: Service Revenue $       1,608 Interest Revenue $ 336 Total Revenue $       1,944 Salaries and Wages Expense $ 960 Travel Expense $ 396 Total Expense $       1,356 Net Income $ 588

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