Question
Before month-end adjustments are made, the September 30 trial balance of Bruno Company contains revenue of $9,200 and expenses of $6,500. Adjustments are necessary
Before month-end adjustments are made, the September 30 trial balance of Bruno Company contains revenue of $9,200 and expenses of $6,500. Adjustments are necessary for the following items: Supplies used during September total $300. Revenue earned in September, but not yet billed to customers, totals $2,100. . Accrued interest expense in September totals $800. Revenue collected in August, but earned during September, totals $3,400. Prepaid rent that expired during September totals $300. Instructions: Calculate the correct net income for Bruno Company for September.
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Financial and Managerial Accounting the basis for business decisions
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