Refer to the data in S3–17. Compute Yessie Financial Advisors’ total assets at December 31, 2023. Remember that Accumulated Amortization is a contra asset.

Data from S3–17

Compute Yessie Financial Advisors’ net income for the year ended December 31, 2023, using the adjusted trial balance below.

Transcribed Image Text:

Account Title Cash Office Supplies YESSIE FINANCIAL ADVISORS Adjusted Trial Balance December 31, 2023 Equipment Accumulated amortization-equipment Accounts payable Interest payable Note payable Y. Benoit, capital Service revenue Rent expense Interest expense Amortization expense-equipment Supplies expense Total Debit $ 300 300 20,600 3,200 1,500 700 600 $ 27,200 Credit $ 1,400 500 800 2,800 4,200 17,500 $ 27,200