Before any month-end adjustments are made, the net income of Bennett Company is $76,200. The following adjustments are necessary: office supplies used, $3,180; services performed for clients but not yet recorded or collected, $3,660; interest accrued on note payable to bank, $3,060. After adjusting entries are made for the items listed above, Bennett Company's net income will be:

Multiple choice 

• $79,550 

• $76,900 

• $74,250 

• $66,790

Answer rating: 100% (QA)

Before Adjustment net income 7... View the full answer