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Before month-end adjustments are made, the September 30 trial balance of a company contains revenue of $10,304 and expenses of $6,630. Adjustments are necessary for
Before month-end adjustments are made, the September 30 trial balance of a company contains revenue of $10,304 and expenses of $6,630. Adjustments are necessary for the following items: Supplies used during September is $294. Revenue earned but not yet billed is $2,352. Accrued interest expense is $960. Revenue collected in August and earned during September is $4,080. Portion of prepaid rent expired during September is $240. Calculate the correct net income for the company for September. Net income $
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