Please assist me in this question. ADVENTURE TRAVEL Adjusted Trial Balance April

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ADVENTURE TRAVEL Adjusted Trial Balance April 30, 2015 Account Title Debit Credit 32,150 1,750 600 2,550 25,000 101: Cash 106: Accounts receivable 124: Office supplies 128: Prepaid insurance 167: Computer equipment 168: Accumulated depreciation-Computer equipment 209: Salaries payable 307: Common stock 318: Retained earnings 319: Dividends 405: Commissions earned 612: Depreciation expense-Computer equipment 622: Salaries expense 637: Insurance expense 640: Rent expense 650: Office supplies expense 684: Repairs expense 688: Telephone expense 300 350 61,000 2,200 10,750 300 2,350 150 3,000 800 550 1,000 72,400 $ Total 72,400

Explanation / Answer

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ADVENTURE TRAVEL Income statement For the month ended April 30, 2015 Revenues Commissions earned $ 10,750 Less:Expenses Depreciation expenses - Computer equipment $     300 Salaries expense $ 2,350 Insurance expenses $     150 Rent expenses   $ 3,000 Office supplies expense $     800 Repairs expense $     550 Telephone expense $ 1,000 Total expenses $    8,150 Net income $    2,600

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