Unadjusted net income equals $5,500. Calculate what net income will be after thefollowing adjustments:1. Salaries payable to employees, $5102. Interest due on note payable at the bank, $903. Unearned revenue that has been earned, $8504. Supplies used, $200

Unadjusted net income equals $5,500. Calculate what net income will be after thefollowing adjustments:1. Salaries payable to employees, $5102. Interest due on note payable at the bank, $903. Unearned revenue that has been earned, $8504. Supplies used, $200

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Unadjusted net income equals $5,500. Calculate what net income will be after the
following adjustments:
1. Salaries payable to employees, $510
2. Interest due on note payable at the bank, $90
3. Unearned revenue that has been earned, $850
4. Supplies used, $200

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