Before month-end adjustments are made, the January 31 trial balance of Rover Excursions contains revenue of ($27,900)
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Before month-end adjustments are made, the January 31 trial balance of Rover Excursions contains revenue of \($27,900\) and expenses of \($17,340\). Adjustments are necessary for the following items: Portion of prepaid rent applicable to January, \($2,700\) Depreciation for January, \($1,440\) Portion of fees collected in advance earned in January, \($3,300\) Fees earned in January, not yet billed to customers, \($1,950\) Net income for January is:
a. \(\$ 10,560\)
c. \(\$ 7,770\)
b. \(\$ 17,070\)
d. Some other amount
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Financial Accounting
ISBN: 9780077328702
15th Edition
Authors: Jan Williams, Sue Haka, Mark Bettner, Joseph Carcello
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