The following items appeared on December 31 Excel work sheet. Based on the following information, what...

 

Transcribed Image Text:

The following items appeared on December 31 Excel work sheet. Based on the following information, what is profit for the year? ing F vie v E nd h 42 Unadjusted Trial Balance Cr. Adjusted Trial Balance Cr. Account Adjustment Dr. 975 3,600 Dr. Cr. Dr. Cash Prepaid insurance sSupplies Equipment 7 Accounts payable Unearned fees Owner, capital 10 Owner, withdrawis Fees earned 150 180 70 10,320 1,140 4,500 9,180 375 1,650 (375 (300 5,850 2,100 1,500 2,100 12 sa Rent expense Salaries expense isUtilities expense s Insurance expense Supplies expense a Deperciation expense, equipment Accumulated depreciation, equipment Salaries payable a Accounts receivable Total 315 345 150 70 190 190 315 300 1,400 20,670 20,670 1,400 A) $1,725. B) $1,855. C) $4,125 D) $4,670. E) $2,060. The following items appeared on December 31 Excel work sheet. Based on the following information, what is profit for the year? ing F vie v E nd h 42 Unadjusted Trial Balance Cr. Adjusted Trial Balance Cr. Account Adjustment Dr. 975 3,600 Dr. Cr. Dr. Cash Prepaid insurance sSupplies Equipment 7 Accounts payable Unearned fees Owner, capital 10 Owner, withdrawis Fees earned 150 180 70 10,320 1,140 4,500 9,180 375 1,650 (375 (300 5,850 2,100 1,500 2,100 12 sa Rent expense Salaries expense isUtilities expense s Insurance expense Supplies expense a Deperciation expense, equipment Accumulated depreciation, equipment Salaries payable a Accounts receivable Total 315 345 150 70 190 190 315 300 1,400 20,670 20,670 1,400 A) $1,725. B) $1,855. C) $4,125 D) $4,670. E) $2,060.