Question
Before month-end adjustments are made, the September 30 trial balance of Blue Spruce Company contains revenue of $9,936 and expenses of $7,540. Adjustments are necessary
Before month-end adjustments are made, the September 30 trial balance of Blue Spruce Company contains revenue of $9,936 and expenses of $7,540. Adjustments are necessary for the following items:
| Supplies used during September is $324. | ||
| Revenue earned but not yet billed is $2,016. | ||
| Accrued interest expense is $640. | ||
| Revenue collected in August and earned during September is $3,332. | ||
| Portion of prepaid rent expired during September is $312. |
Calculate the correct net income for Blue Spruce Company for September.
| Net income |
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How To Build A Cyber Resilient Organization Internal Audit And IT Audit
Authors: Dan Shoemaker, Anne Kohnke, Ken Sigler
1st Edition
1138558192, 978-1138558199
