Question: Greetings, Is anyone explain the below question for me: Pete's Pets is a local pet store and their accounts and balances, as of the end

Greetings,

Is anyone explain the below question for me:

Pete's Pets is a local pet store and their accounts and balances, as of the end of January, are included below. All accounts have normal balances.

Cash $16,500 Rent Expense $6,000

Wages Expense 24,000 Accounts Receivable 6,475

Beauty Supplies 2,500 Beauty Supplies Expense 3,425

Beauty Shop Equipment 27,000 Revenue Earned 98,000

Common Stock 23,155 Dividends 36,000

Accounts Payable 745

Prepare a Trial Balance for Pete's Pets, showing the debits and credits balance.

And what is the net income for Pete's Pets?

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