Following Is a List of Account Balances of Wilson Mowing

question 117

Multiple Choice

Following is a list of account balances of Wilson Mowing Service as of December 31 of the first year of operation: $$\begin{array} { | l | r | } \hline \text { Accounts receivable } & \$ 2,500 \\\hline \text { Accounts payable } & 3,500 \\\hline \text { Salary expense } & 4,500 \\\hline \text { Repairs expense } & 800 \\\hline \text { Truck } & 8,500 \\\hline \text { Equipment } & 6,300 \\\hline \text { Notes payable } & 8,200 \\\hline \text { Cash } & 6,800 \\\hline \text { Supplies expense } & 1,600 \\\hline \text { Service revenue } & 31,900 \\\hline \text { Gasoline expense } & 3,800 \\\hline \text { Salary payable } & 200 \\\hline\end{array}$$ Calculate the net income.

• A) $21,200
• B) $11,900
• C) $12,200
• D) $24,100

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Definitions:

Cerebellum

A portion of the brain that plays an important role in motor control, and can also be involved in some cognitive functions such as attention and language.

Meninges

Protective membranes that cover the brain and spinal cord, consisting of three layers: the dura mater, arachnoid mater, and pia mater.

Cerebrospinal Fluid

A transparent, colorless liquid located in the brain and spinal cord, which offers padding while ensuring a constant environment.

Dermatome

An area of skin that is mainly supplied by a single spinal nerve.