- Before making month-end adjustments, net income of Bobwhite Company was $232,000 for March. Adjusting entries are necessary for the following items: Depreciation for the month of March: $ 4,300. Rental income accrued during March, tenant to pay in April: $ 900. Supplies used in March: $ 300. Fees earned in March that had been collected in advance: $ 3,600. After recording these adjustments, net income for March is. a. $ 222,900 b. $ 227,700 c. $ 231,900 d. $ 235,600