19. Question MC #40 3
(7 point(s))
The following accounts were taken from the Adjusted Trial Balance columns of the worksheet:
Accumulated Depreciation $ 2,000
Fees Earned 15,000
Depreciation Expense 1,000
Insurance Expense 500
Prepaid Insurance 4,500
Supplies 1,200
Supplies Expenses 3,500
Net income for the period is:
1. $2,300
2. $10,000
3. $5,000
4. $4,300
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20. Question PR #3 3
(6 point(s))
The following accounts were taken from the Adjusted Trial Balance columns of the worksheet for June 30, 2005 for Brodie Co.:
Accumulated Depreciation $ 25,000
Fees Earned 85,000
Depreciation Expense 9,500
Rent Expense 44,000
Prepaid Insurance 7,000
Supplies 500
Supplies Expense 2,500
Prepare an income statement.
Paragraph Brodie Co.
Income Statement
June 30, 2005
2006-10-10
11:30:51
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4 answers
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dima39402
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