Reference no: EM133119091
Question - Greetings, Is anyone explain the below question for me: Pete's Pets is a local pet store and their accounts and balances, as of the end of January, are included below. All accounts have normal balances.
Cash $16,500 Rent Expense $6,000
Wages Expense 24,000 Accounts Receivable 6,475
Beauty Supplies 2,500 Beauty Supplies Expense 3,425
Beauty Shop Equipment 27,000 Revenue Earned 98,000
Common Stock 23,155 Dividends 36,000
Accounts Payable 745
Required - Prepare a Trial Balance for Pete's Pets, showing the debits and credits balance. And what is the net income for Pete's Pets?