Before month end adjustments are made, the September 30 trial balance of Horton Enterprise contains revenue of $9,200 and expenses of $6,300. Adjustments are necessary for the following items:
a. Depreciation for September is $300
b. Revenue earned but not yet billed is $2,100
c. Accrued interest expense is $800
d. Revenue collected in advance that is now earned is $3,400
e. Portion of prepaid insurance expired during September is $300
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Income calculation
Replies (2)
as per details provided by you
ur income will be $7000
even i guess it is 7000$
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