Donakdson's Delivery Company began operations on January 1, 2019. The following Trial Balance was prepared on December
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Donakdson's Delivery Company began operations on January 1, 2019. The following Trial Balance was prepared on December 31, 2019.
Donaldson's Delivery Service Company | | |
Trial Balance | | |
December 31, 2019 | | |
Account Title | Debit | Credit |
---|---|---|
Credit | $15,500 | |
Accounts Receivable | 8,000 | |
Prepaid Rent | 2,400 | |
Office Supplies | 1,400 | |
Land | 25,000 | |
Building | 32,000 | |
Equipment | 23,000 | |
Accounts Payable | | $10,400 |
Unearned Revenue | | 2,500 |
Notes Payable | | 20,000 |
Donaldson, Capital | | 57,000 |
Donaldson, Withdrawals | 6,400 | |
Service Revenue | | 83,900 |
Salaries Expense | 28,000 | |
Rent Expense | 18,000 | |
Truck Expense | 12,400 | |
Office Expense | 1,700 | |
Total | $173,800 | $173,800 |
What is the net income for the year ending December 31, 2019?
Related Book For
Fundamental financial accounting concepts
ISBN: 978-0078025365
8th edition
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
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