10 pts Question 7 The following items appeared on a company’s December 31 work sheet for…

10 pts Question 7 The following items appeared on a company’s December 31 work sheet for the current period. Based on the following information, what is net income for the current period? Unadjusted Thial Balance Adiustments Debit Credit Debit Credit Cash 975 Prepaid insurance 3.600 150 Supplies 180 70 Equipment 10,320 Accounts payable 1.140 Unearned fees 4.300 375 Common stock 5.000 Retained earnings 4.180 Dividends 1.650 Fees earned 5.850 375 300 O ** @ https://seattleu.instructure.com/courses/1590742/quizzes/2321421/take Common stock 5,000 Retained earnings 4,180 Dividends 1.650 Fees earned 5.850 375 300 Rent expense 1.200 Salaries expense 2.400 315 Utilities expense 345 Insurance expense 150 Supplies expense 70 Depreciation expense-equipment 190 Accumulated depreciation – equipment 190 Salaries payable 315 Accounts receivable 200 Totals 20.570 20.670 2400 Insurance expense 70 Supplies expense Depreciation expense – equipment 190 Accumulated depreciation – equipment 190 Salaries payable 315 Accounts receivable 300 Totals 20.670 20670 1400 1.400 1855 1905 4570 2060 Questions | | | Ph_ of 100.000 divide

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