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??? Before month end adjustments are made the Februsry 28 trial balance of Cole's Enterprise contains revenue of 511.000 and expenses of $8.900. Adjustments are
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Before month end adjustments are made the Februsry 28 trial balance of Cole's Enterprise contains revenue of 511.000 and expenses of $8.900. Adjustments are necessary for the following items .Depreciation for February is $1.200. Revenue earned but not yet billed is $2,800 . Accrued interest expense is $900 . Revenue collected in advance that is now earned is $2.500 Portion of prepaid insurance expired during February is $500. Calculate the correct net income tor Cole's Enterprise for the month end Net income $Step by Step Solution
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