The Net Income Reported on the Income Statement Is $58,000

question 128

Multiple Choice

The net income reported on the income statement is $58,000. However, adjusting entries have not been made at the end of the period for supplies expense of $2,200 and accrued salaries of $1,300. Net income, as corrected, is

• A) $56,700
• B) $58,000
• C) $55,800
• D) $54,500

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