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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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