ayer/index.html?launchid=42231d62-8416-4c36-384-26be1e6be84cm/question/0 Question 1 of 7 0/5 View Policies Show Attempt History Current Attempt in Progress Your Answer Correct Answer Your answer is incorrect. Before month-end adjustments are made, the February 28 trial balance of Neutral Milk Hotel contains revenue of $7,000 and expenses of $4,400. Adjustments are necessary for the following items: . . Depreciation for February is $1,800. Revenue recognized but not yet billed is $2.700. Accrued interest expense is $700. Revenue collected in advance that is now recognized is $2,500. Portion of prepaid insurance expired during February is $400. . . Calculate the correct net income for Neutral Mill Hotels income Statement for February Net Income after Adjustments $ e Textbook and Media Solution Save for later Attempts: unlimited