Question

1.
Please refer to the worksheet below.


Trial Balance
Adjustments
Adjusted Trial Balance
Income Statement
Balance Sheet
Account Title
Dr.
Cr.
Dr.
Cr.
Dr.
Cr.
Dr.
Cr.
Dr.
Cr.
Cash
$1,700



$1,700



$1,700

Accounts receivable
8,500

$2,000

10,500



10,500

Supplies
100


$80
20



20

Equipment
7,500



7,500



7,500

Accumulated depreciation

$2,000

240

$2,240



$2,240
Accounts payable

1,200



1,200



1,200
Salary payable

800

180

980



980
Unearned revenue

600



600



600
Capital

3,400



3,400



3,400
Drawing
2,300



2,300



2,300

Service revenue

40,000

2,000

42,000

$42,000


Salary expense
24,000

180

24,180

$24,180



Supplies expense
2,300

80

2,380

2,380



Depreciation expense
1,600

240

1,840

1,840




$48,000
$48,000
$2,500
$2,500
$50,420
$50,420
$28,400
$42,000
$22,020
$8,420







13,600


13,600







$42,000
$42,000
$22,020
$22,020
(Points : 2)
a. $42,000
b.$13,600
c.$22,000
d.$28,200

Answer 1

b. 13,600