A Company's December 31 Work Sheet for the Current Period

Multiple Choice

A company's December 31 work sheet for the current period appears below. Based on the information provided, what is net income for the current period? Unadjusted
Trial Balance
Adjustments
Debit
Credit
Debit
Credit
Cash
975
Prepaid insurance
3,600
150
Supplies
180
70
Equipment
10,320
Accounts payable
1,140
Unearned fees
4,500
375
Common stock
9,180
Dividends
1,650
Fees earned
5,850
375
300
Rent expense
1,500
Salaries expense
2,100
315
Utilities expense
345
Insurance expense
150
Supplies expense
70
Depreciation expense-equipment
190
Accumulated depreciation-equipment
190
Salaries payable
315
Accounts receivable
300
Total
20,670
20,670
1,400
1,400

A) $1,400.
B) $1,855.
C) $1,905.
D) $2,060.
E) $4,670.