Answer the following problem using the info provided. Open the images in a new t
ID: 2343090 • Letter: A
Question
Answer the following problem using the info provided. Open the images in a new tab if you are having issue with the font size. Thank you.
Problem 4-02 a-e (Part level Submission) The adjusted trial balance columns of the worksheet for Bramble Company are as follows. Bramble Company Worksheet For the Year Ended December 31, 2019 Adjusted Trial Balance Account No. 101 112 Account Titles Cash Accounts Receivable Supplics Prepaid Insurance Equipment Accurmulated Depreciation Equipment Notes Payable Accounts Payable Salaries and Wages Payable Interest Payable Cornmon Stock Retained Earnings Dividends Service Revenue Advertising Expense 5,500 10,500 2,000 27,500 157 5,000 14,500 5,900 2,200 201 212 10,185 2,415 311 332 6,700 63,100 8,800 4,200 5,000 4,000 27,900 631 Supplies Expense 711 Depreciation E Insurance Expense Salaries and Wages Expense nterest Expense 905 Totals 103,800 103,800Explanation / Answer
Income Statement of Bramble Company for the Year Ended December 31,2019 Particulars Amount Amount A Revenues: Service Revenue $63100 Total Revenues $63100 $63100 B Expenses: Advertising Expenses $8800 Depreciation Expenses $5000 Supplies Expenses $4200 Salaries and Wages Expenses $27900 Insurance Expenses $4000 Interest Expense $500 Total Expenses $50400 $50400 c Net Income/(loss)(A-B) $12700