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Before any monthend adjustments are mode, the net income ofLowrence Company is $550,003. However; the following adjustments ore necessary: office supplies used, 35,003; services performed
Before any monthend adjustments are mode, the net income ofLowrence Company is $550,003. However; the following adjustments ore necessary: office supplies used, 35,003; services performed for clients but not yet recorded or collected, $12,300; interest occrued on note payable to bank, $14,100. After adjusting entries are mode for the items listed above, Inmence Componys net income would be: a $541,400. ll $433,600. C $533,20U. (1 $51 3,200
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