31) The following items appeared on December 31 Excel work sheet. Based on the following information, what is profit for the year? 31) Account Unadjusted Trial Balance Adjustment Adjusted Trial Balance Prepaid insurance 150 Accounts payable 1,140 4,5003 75 9,180 Owner, Capital Owner, withdrawls I Fees earned 2,100 Sool 315 2,100 11 Rentene Salaries expense is Utilities expense Insurance expense 12 Supplies expense Deperclation expense, equipment Accumulated depreciation, couipment Salaries payable Accounts receivable IIIIIIIIIIIIII 345 150 70 190 190 20,670 20,670 1400 1,400 A) $1,725. B) $1,855. C) 4,125 D) $4,670. E) $2,060, SHORT ANSWER. Wrth ward problemacher The wal l ishicht www. concedet hele CA Current CL Cremas PPE LTL L Last NA Napocable table the work e d Senica Green I 1989 1990 1991 LITEITIILI 31) 31) The following items appeared on December 31 Excel work sheet. Based on the following information, what is profit for the year? Bol Mohd Andet wende 100 1 Account Adjusted Trial Balance Unadjusted Trial Balance Cr Adjustment Dr. C. Dr. 3,600 150 10,320 Cash Prepaid insurance 5 Supplies 6 Equipment 7 Accounts payable Unearned fees 9 Owner, capital 10 Owner, withdrawis 11 Fees earned 1,140 4,500 9,180 375 1.650 5.850 1375 1300l 2,100 1.500 2,100 TI Rent expense 14 Salaries expense is Utilities expense 16 Insurance expense 17 Supplies expense 18 Deperciation expense, equipment 19 Accumulated depreciation, equipment 2o Salaries payable 21 Accounts receivable 22 Total 983 190 315 300 1,400 20,670 20,670 1,400 A) $1,725. B) $1,855. C) $4,125 D) $4,670. E) $2,060