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accounts receivable 34000 advertising expense 14000 cost of goods sold...

Question: accounts receivable 34000 advertising expense 14000 cost of goods sold...

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Accounts Receivable ....$34,000 Advertising Expense $14,000 Cost of Goods Sold . $67,000 Rent Expense Sudet tes24,000 Sales Revenue ABC Company has not yet recorded adjusting entries related to the follo wing three items: (1) The prepaid insurance in the unadjusted trial balance relates to a two-year insurance policy purchased on September 1, 2018. (2) Salaries earned by employees which have not yet been paid by ABC Company totaled $19,000 (3) On December 31, based on a physical count, ABC Company determined it had $16,000 of supplies still on hand. Colculate the amount of net income that ABC Company would report in i ts 2018 income statement after the appropriate adjusting entries have been rec orded and posted.

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