The following is the alphabetical list of accounts and their balances for Zhao’s Interior Design as of June 30:
A) What is the amount of Net Income for the period?
B) What is the owner's ending capital as of June 30?
C) What is the amount of Total Liabilities & Owner's Equity on the Balance Sheet?
Questions 2-4: The following is the alphabetical list of accounts and their balances for Zhao's Interior Design as of June 30: Advertising Expense $72,000 Accounts Payable $67,400 Accounts Receivable $235,200 Cash $45,600 Decorating Services Income $772,000 Electricity Expense $34,000 Equipment $251,200 Insurance Expense $16,000 K. Zhao, Capital $205,000 Rent Expense $66,000 Supplies $52,800 Supplies Expense $25,200 Telephone Expense $24,400 Wages Expense $222,000