Solution-Calculate the company reported net income for the

Calculate the company reported net income for the period

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Reference no: EM132821605

Problem - Centurion Co. had the following accounts and balances at December 31:

Account	Debit	Credit
Cash	$11,000
Accounts Receivable	2,200
Prepaid Insurance	2,800
Supplies	1,200
Accounts Payable		$5,500
Common Stock		5,500
Service Revenue		8,000
Salaries Expense	600
Utilities Expense	1,200
Totals	$19,000	$19,000

Required - Using the information in the table, calculate the company's reported net income for the period.

Reference no: EM132821605

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Calculate the company reported net income for the period

Reference no: EM132821605

Reference no: EM132821605

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