Answer:
net income = $33,900
Explanation:
The T-accounts are missing, so I looked for a similar question:
Stasney indicates that at year-end, customers owe him $1,600 for accrued service revenue. These revenues have not been recorded.
Dr Accounts receivable 1,600
Cr Service revenue 1,600
During the year, Stasney collected $4,000 service revenue in advance from customers, but he earned only $900 of that amount.
Dr Unearned revenue 900
Cr Service revenue 900
Rent expense for the year was $2,400, and he used up $1,700 of the supplies.
Dr Rent expense 2,400
Cr Prepaid rent 2,400
Dr Supplies expense 1,700
Cr Supplies 1,700
Stasney determines that depreciation on his equipment was $5,000 for the year.
Dr Depreciation expense 5,000
Cr Accumulated depreciation 5,000
At December 31, he owes his employee $1,200 accrued salary.
Dr Wages expense 1,200
Cr Wages payable 1,200
Total expense for the year = $17,000 (paid wages) + $1,200 (accrued wages) + $800 (utilities) + $2,400 (rent) + $1,700 (supplies) + $5,000 (depreciation) = $28,100
total revenues = $59,500 (previously recorded) + $1,600 (unrecorded service revenue) + $900 (accrued service revenue) = $62,000
net income = $62,000 - $28,100 = $33,900
