Business, 21.07.2020 23:01 serenityarts123
Jackson Services had the following accounts and balances at December 31:
Account Debit Credit
Cash $ 20,000
Accounts Receivable 6,000
Prepaid Insurance 1,500
Supplies 5,000
Accounts Payable $ 500
Common Stock 16,200
Dividends 1,000
Service Revenue 20,000
Utilities Expense 2,000
Salaries Expense 1,200
Totals $ 36,700 $ 36,700
Using the information in the table, calculate Jackson Consulting's reported net income for the period.
Answers: 2
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Jackson Services had the following accounts and balances at December 31:
Account Debit Credit
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