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Gilbert, Inc A) $32,450
B) $27,450
C) $6,550
D) $18,150

Question 75

Multiple Choice

Gilbert, Inc. had the following account balances at September 30, 2010. What is Gilbert's net income for the month of September? 5,000 Accounts Payable 10,000 Capital Stock 14,300 Cash 15,400 Equipment 54,400 Fees Earned 18,200 Miscellaneous Expense 4,150 Rent Expense 6,550 Retained Earnings 13,900 Wages Expense \begin{array}{ll}5,000 & \text { Accounts Payable } \\10,000 & \text { Capital Stock } \\14,300 & \text { Cash } \\15,400 & \text { Equipment } \\54,400 & \text { Fees Earned } \\18,200 & \text { Miscellaneous Expense } \\4,150 & \text { Rent Expense } \\6,550 & \text { Retained Earnings } \\13,900 & \text { Wages Expense }\end{array}


A) $32,450
B) $27,450
C) $6,550
D) $18,150

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