Jackson consulting inc had the following accounts and, Ask an Expert

Accounting

Jackson Consulting, Inc. 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 Inc.'s reported net income for the period.

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91961530

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