ect Smiles Entertainment had the cure httpsnewconnectmheduc

ect Smiles Entertainment had the × cure https://newconnect.mheducation.com/flow/connect.html 2 6 Saved Smiles Entertainment had the following accounts and balances at December 31: Account Debit Credit Cash Accounts Receivable Prepaid Insurance Supplies Accounts Payable Common Stock Retained Earnings Service Revenue Salaries Expense Utilities Expense Totals $11,700 2,340 3,080 1,340 $ 5,850 4, 850 1,070 8,700 670 1,340 $20,470 $20,470 Using the information in the table, caiculate the company\'s reported net income for the period Multiple Choice $1,440 $4,510. ?? FI F2 F5 F7

Solution

Net income for the period = Revenue -Expenses = 8700-670-1340= $6690