Jackson Services had the following accounts and balances at December 31: Account Debit Credit
Cash $ 20,000
Accounts Receivable 6,000
Prepaid Insurance 1,500
Supplies 5,000
Accounts Payable $ 500
Common Stock 16,200
Dividends 1,000
Service Revenue 20,000
Utilities Expense 2,000
Salaries Expense 1,200
Totals $ 36,700 $ 36,700
Using the information in the table, calculate Jackson Consulting's reported net income for the period.

Net Income for the Period is $16800

Explanation:

To calculate the net income for the period, we will prepare a simple Profit and Loss statement.

Service Revenue         20000

(-) Utilities expense      (2000)

(-) Salaries expense      (1200)

Net Income                   16800

b. a single paragraph.

a paragraph is a series of sentences that are organized and make sense, and are all related to a single topic . almost every piece of writing you do that is longer than a few sentences should be organized into paragraphs. this is because paragraphs show a reader where the subdivisions of an essay begin and end, and thus the reader see the organization of the essay into subjects in order to be able to understand its main points.