Wildhorse Inc.'s adjusted trial balance at May 31, 2025 is shown here. Compute net income for...

 

Transcribed Image Text:

Wildhorse Inc.'s adjusted trial balance at May 31, 2025 is shown here. Compute net income for the month of May. Account Titles Debit Credit Cash Accounts Receivable Equipment $17,700 7,400 16,000 Accumulated Depr.-Equip. $4,900 Accounts Payable 3,800 Unearned Rent Revenue 2,300 Common Stock 18,000 Retained Earnings 14,400 Dividends 14,900 Service Revenue 70,900 Depreciation Expense 3,300 Salaries and Wages Expense 46,500 Utilities Expense 8,500 $114,300 $114,300 Net income for month ended May 31 14 Wildhorse Inc.'s adjusted trial balance at May 31, 2025 is shown here. Compute net income for the month of May. Account Titles Debit Credit Cash Accounts Receivable Equipment $17,700 7,400 16,000 Accumulated Depr.-Equip. $4,900 Accounts Payable 3,800 Unearned Rent Revenue 2,300 Common Stock 18,000 Retained Earnings 14,400 Dividends 14,900 Service Revenue 70,900 Depreciation Expense 3,300 Salaries and Wages Expense 46,500 Utilities Expense 8,500 $114,300 $114,300 Net income for month ended May 31 14