Question 11 Before adjusting entries were made, the unadjusted income of Vine Co. was $100,000 for the month-ended January 31, 20X9. Vine Co. makes adjusting entries monthly and has a December 31 fiscal year-end. The fol- lowing accounts were included in Vine Co.'s unadjusted trial balance on January 31, 20X9: Prepaid rent............$6,000 (This $6,000 represents prepaid rent for the first 6 months of 20X9.) Office supplies....... $3,000 (A count at January 31, 20X9 showed supplies on hand of $1,200.) Vine Co.'s customers had not yet been billed for $11,000 for work performed and completed in January 20X9. No income tax expense had been recorded in January 20X9. What is Vine Co.'s adjusted net income after tax for the month ended January 31, 20X9, assuming a tax rate of 25%? a. $81,600 b. $77,400 c. $108,200 d. $81,150 61 The Accounting Process

Question 11 Before adjusting entries were made, the unadjusted income of Vine Co. was $100,000 for the month-ended January 31,20X9. Vine Co. makes adjusting entries monthly and has a December 31 fiscal year-end. The following accounts were included in Vine Co.'s unadjusted trial balance on January 31,20x9 : - Prepaid rent. $6,000 (This $6,000 represents prepaid rent for the first 6 months of 20X9. ) - Office supplies $3,000 (A coint at January 31,209 showed supplies on hand of $1,200.) Vine Co.'s customers had not yet been billed for $11,000 for work performed and completed in January 20X9. No income tax expense had been recorded in January 20X9. What is Vine Co.'s adjusted net income after tax for the month ended January 31,209, assuming a tax rate of 25% ? a. $81,600 b. $77,400 c. $108,200 d. $81,150