Shown below is an adjusted trial balance for Novelty Toys, Incorporated, on December 31, Year 1:...

   

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Shown below is an adjusted trial balance for Novelty Toys, Incorporated, on December 31, Year 1: Novelty Toys, Incorporated Adjusted Trial Balance December 31, Year 1 Cash Accounts Receivable Office Equipment Accumulated Depreciation Accounts Payable Capital Stock Retained Earnings Dividends Fees Earned Salaries Expense Advertising Expense Depreciation Expense Totals Net Income for the period equals: Debit $ 15,050 12,525 21,600 7,050 15,100 3,025 4,025 $ 78,375 Credit $ 5,550 7,525 22,050 -0- 43,250 $ 78,375 Multiple Choice O $22,150. $43,250. $21,100. $14,050. G Shown below is an adjusted trial balance for Novelty Toys, Incorporated, on December 31, Year 1: Novelty Toys, Incorporated Adjusted Trial Balance December 31, Year 1 Cash Accounts Receivable Office Equipment Accumulated Depreciation Accounts Payable Capital Stock Retained Earnings Dividends Fees Earned Salaries Expense Advertising Expense Depreciation Expense Totals Net Income for the period equals: Debit $ 15,050 12,525 21,600 7,050 15,100 3,025 4,025 $ 78,375 Credit $ 5,550 7,525 22,050 -0- 43,250 $ 78,375 Multiple Choice O $22,150. $43,250. $21,100. $14,050. G

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