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The accountant for Hallmark Medical Co., a medical services consulting firm, mistakenly omitted adjusting entries for (a) unearned revenue earned during the year ($24,140) and
The accountant for Hallmark Medical Co., a medical services consulting firm, mistakenly omitted adjusting entries for (a) unearned revenue earned during the year ($24,140) and (b) accrued wages ($6,760). If the net income for the current year had been $466,600, what would have been the correct net income if the proper adjusting entries had been made?
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