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Before month-end adjustments are made, the February 28 trial balance of Martinez's Enterprise contains revenue of $13,200 and expenses of $9,256. Adjustments are necessary for
Before month-end adjustments are made, the February 28 trial balance of Martinez's Enterprise contains revenue of $13,200 and expenses of $9,256. Adjustments are necessary for the following items: . Depreciation for February is $1,200. . Revenue earned but not yet billed is $3,304. . Accrued interest expense is $1,026. Revenue collected in advance that is now recognized is $2,900. . Portion of prepaid insurance expired during February is $550. Calculate the correct net income for Martinez's Enterprise for the month of February. Net income
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