A company had calculated net income to be 78200 based on


A company had calculated net income to be $78,200 based on the unadjusted trial balance. The following adjusting entries were then made: Salaries payable of $855 was recorded; Interest earned but not received from investments $815; Prepaid insurance decreased by $615 for insurance used up during the period; $815 of unearned revenue has now been earned. After recording these adjustments, net income would be:

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Accounting Basics: A company had calculated net income to be 78200 based on
Reference No:- TGS0570079

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