Su Help Save & Exit Before making month-end adjustments, net income of Bobwhite Company was $237,000 for March. Adjusting entries are necessary for the following items: -Depreciation for the month of March: $5,300 -Rental income accrued during March, tenant to pay in April: $1.000 -Supplies used in March: $400. -Fees earned in March that had been collected in advance: $4,600. After recording these adjustments, net income for March is: Multiple Choice 0 $237,000 0 $231,300. O $236,900 0 $232,300 index.htm%23%2Fregistration Saved Help Required information [The following information applies to the questions displayed below.) Hoffman, Inc. adjusts its books each month but closes its books at the end of the year. The trial balance at March 31 before adjustments is as follows: Credi Debit $ 11,020 9,720 1,400 3,520 31,800 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation Equipment Unearned Service Revenue Capital Stock Retained Earnings Dividends Service Revenue Earned Salaries Expense Utilities Expense Rent Expense $ 12,720 7,000 5,700 23.900 1,660 20,390 8,300 490 1.800 $ 69,710 $ 69,710 According to service contracts, $4,910 of the Unearned Service Revenue has been earned in March. The amount of Service Revenue Earn reported in the March income statement is: Multiple Choice o $20,390 According to service contracts, $4,910 of the Unearned Service Revenue has been earned in March. The amount of Service Revenue Earned to be reported in the March income statement is: Multiple Choice o o s2s . o sis, A. o 524.540