A company's financial records at the end of the year included the following amounts: 1
MA company's financial records at the end of the year included the following ar
$ 71,200
Cash
29,200
Accounts Receivable
5,200
Supplies
Accounts Payable
11,200
5,600
Notes Payable
Retained Earnings, beginning of year
18,200
Common Stock
52,000
Service Revenue
45.200
Wages Expense
9,200
Advertising Expense
6,200
Rent Expense
11,200
What is the amount of net income on the Income Statement for the vear?
Cash
Accounts Receivable
Supplies
Accounts Payable
Notes Payable
Retained Earnings, beginning of year
Common Stock
Service Revenue
Wages Expense
Advertising Expense
Rent Expense
$ 71,200
29,200
5,200
11,200
5,600
18,200
52,000
45,200
9,200
6,200
11,200
What is the amount of net income on the Income Statement for the year?
Multiple Choice
Cash
Accounts Receivable
Supplies
Accounts Payable
Notes Payable
Retained Earnings, beginning of year
•Common Stock
Service Revenue
Wages Expense
Advertising Expense
Rent Expense
$ 71,200
29,200
5,200
11,200
5,600
18,200
52,000
45,200
9,200
6,200
11,200
What is the amount of net income on the Income Statement for the year?