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Question(s) / Instruction(s):

A summary of selected ledger accounts appear below for Alberto’s Plumbing Services for the current calendar year end.

Alberto, Capital

    12/31  $ 8,276                       1/1       $ 6,511    

                                                      12/31  $ 24,673    

Alberto, Drawing

    6/30    $ 2,460                       12/31  $ 8,276    

    11/30  $ 5,816                                       

Income Summary

    12/31  $ 14,467                     12/31  $ 39,140    

    12/31  $ 24,673                                     

Find the net income for the period.

a.            $6,511  

b.            $39,140

c.             $14,467

d.            $24,673

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