- The Following List Of Accounts Is From The Adjusted Trial Balance For Flint Corporation Accounts Payable Accounts Recei 1 (636.73 KiB) Viewed 5 times
The following list of accounts is from the adjusted trial balance for Flint Corporation: Accounts payable Accounts receivable Accumulated depreciation-buildings Accumulated depreciation-equipment Advertising expenses Buildings Cash Common shares Cost of goods sold Deferred revenue Depreciation expense Determine the amount of Flint's gross profit. (b) Gross profit $ eTextbook and Media Your answer is incorrect. Determine the amount of Flint's net income. Net income 1600600 $ $142,040 198,220 103,880 240,620 118,720 453,680 75,260 243,800 1,180,840 33,920 199,280 Equipment Income tax expense Insurance expense Inventory Land Loan payable (due in 2 years) Prepaid expenses Property tax payable Refund liability Salaries expense Salaries payable Sales $1,001,700 64,660 124,020 245,920 1,166,000 2,067,000 30,740 19,080 22,260 822,560 27,560 2,781,440 Attempts: 1 of 3 used