The adjusted trial balances of PDQ, Inc. at March 31, 2018 and March 31, 2019 include these amounts:

purchases of supplies   $7500

cash payments for salaries 55,500

cash receipts in advance for sevice revenue 69,300

                                                               2018                                  2019

Supplies                                                $1,500                               $1,200

Salaries payable                                  $3,300                               $2,800

Unearned service revenue               $12,000                             $15,100

Answer rating: 100% (QA)

ANSWER The computation of the net income or net loss is shown below ... View the full answer