Question

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

The following items appeared on December 31 Excel work sheet. Based on the following information, what is profit for the year?
Account Unadjusted Trial Balance Adjustments Adjusted Trial Balance
Dr. Cr. Dr. Cr. Dr. Cr.
Cash 975
Prepaid insurance 3,600 150
Supplies 180 70
Equipment 10,320
Accounts payable 1,140
Unearned fees 4,500 375
Owner, capital 9,180
Owner, withdrawals 1,650
Fees earned 5,850 {375
{300
Rent expense 1,500 315
Salaries expense 2,100
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

Multiple Choice
$2,060
$1,855
$4,125
$1,725
$4,670
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