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Before making any year-end adjustments, the net income of Carland Company was $28.000. However, the following adjustments were necessary: office supplies used $550: services performed
Before making any year-end adjustments, the net income of Carland Company was $28.000. However, the following adjustments were necessary: office supplies used $550: services performed for clients but not yet recorded or collected for $1,600: salaries at year-end $300. After recording these adjustments the net income would be: $27,250 $28,750 $30,450 $25,550
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