Business, 11.02.2021 02:10 BlueLemonWater

Using the data below, compute NET INCOME. Wages Expense 200

Cash 220

Income Tax Expense 240

Prepaid Insurance Expense 120

Interest Expense 300

Interest Revenue 500

Unearned Rent Revenue 150

Accounts Payable 600

Inventory 800

Cost of Goods Sold 1,600

Sales Revenue 3,000

$2,790
$1,310
$2,760
$1,160
$1,040
$1,190
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The trial balance below is for Company L.

Debit Credit

Cash 5,600

Inventory 14,000

Unearned Revenue 2,400

Paid-in Capital 4,000

Retained Earnings (beginning) 6,000

Sales 50,000

Cost of Goods Sold 36,000

Rent Expense 6,800

Total 62,400 62,400

Compute TOTAL ASSETS.

$29,600
$42,800
$62,400
$19,600
$23,600

Answers: 2

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Using the data below, compute NET INCOME. Wages Expense 200

Cash 220

Income...

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