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A company had calculated net income to be $78,300 based on the unadjusted trial balance. The following adjusting entries were then made for: A company
A company had calculated net income to be $78,300 based on the unadjusted trial balance. The following adjusting entries were then made for:
A company had calculated net income to be $78,300 based on the unadjusted trial balance. The following Salaries and wages owed but not yet paid of $865 Interest earned but not received from investments of $825 Unearned revenue in the amount of $825 has now been earned. Required: Determine the amount of net income (loss) that will be reported after the adjustments are recorded. O $78,460 O $78,060 O $75160 $80,575Step by Step Solution
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