The following is the adjusted trial balance as of December 3

The following is the adjusted trial balance as of December 31, 2016 of Aims Photography:

Account Debit Credit
Cash $1,700
Accounts Receivable 8,500
Supplies 100
Equipment 7,500
Accumulated Depreciation—Equipment $2,000
Accounts Payable 1

What will be an ideal response

ANSWER

Income Summary 27,900
Salaries Expense 24,000
Supplies Expense 2,300
Depreciation Expense—Equipment 1,600