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It's hard to read handwriting. Please type it for me thank you. Before any month-end adjustments are made, the net income of LL Company is
It's hard to read handwriting. Please type it for me thank you.
Before any month-end adjustments are made, the net income of LL Company is $550,000. However, the following adjustments are necessary: (1) office supplies used, $35,000; (2) services performed for clients but not yet recorded or collected, $12,300; (3) interest accrued on note payable to bank, $14,100.
1. Please make corresponding adjusting entries for the items listed above.
2. LLs net income after making proper adjusting entries is_____________$
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