Question: Please make corresponding journal entries and make sure to write the net income after making the adjusting entries that answer is wrong and also I

Please make corresponding journal entries and make sure to write the net income after making the adjusting entries


that answer is wrong and also I want the net income
6. Before any month-end adjustments are made, the net income of LL Company is $550,000. However, the following adjustments are necessary: (1) office supplies used, $35,000; (2) services performed for clients but not yet recorded or collected, $12,300; (3) interest accrued on note payable to bank, $14,100. 6.1. Please make corresponding adjusting entries for the items listed above (23=6 '). 6.2. LL's net income after making proper adjusting entries is $(2) 6. Before any month-end adjustments are made, the net income of LL Company is $550,000. However, the following adjustments are necessary: (1) office supplies used, $35,000; (2) services performed for clients but not yet recorded or collected, $12,300; (3) interest accrued on note payable to bank, $14,100. 6.1. Please make corresponding adjusting entries for the items listed above (23=6). 6.2. LL's net income after making proper adjusting entries is $(2). ANSWER; Given the net income before adjustments =550000 Explanation Office supplies and interest accrued are the expenses so it will reduce the net income and serive income will increase the net income so added. Step 2 Here Are The Entries For The All Transaction That Is Given Below; Explanation Here Is The Debit Credit Entries Of Answers only Was this answer helpful? Didn't find what you looking for
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