The net income reported in the income statement is $58,000. However, no adjusting entries have been made
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Question:
The net income reported in the income statement is $58,000. However, no adjusting entries have been made at the end of the period for supplies expenses of $2,200 and accrued wages of $1,300.
Calculate Net profit.
Related Book For
Financial Accounting
ISBN: 9781618533111
6th Edition
Authors: Michelle L. Hanlon, Robert P. Magee, Glenn M. Pfeiffer, Thomas R. Dyckman
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