Question
Before any month-end adjustments are made, the net income of Bennett Company is $76,900. The following adjustments are necessary: office supplies used, $3,250; services performed
Before any month-end adjustments are made, the net income of Bennett Company is $76,900. The following adjustments are necessary: office supplies used, $3,250; services performed for clients but not yet recorded or collected, $3,730; interest accrued on note payable to bank, $3,130. After adjusting entries are made for the items listed above, Bennett Company's net income will be:
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Financial Accounting
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
8th edition
978-1118953907, 9781118953808, 1118953908, 1118953800, 978-1119491057
