Before month-end adjustments are made, the September 30 trial balance of Horton Enterprise contains revenue of $9,200 and expenses of $6,500. Adjustments are necessary for the following items:
-Depreciation for September is $300.
-Revenue earned but not yet billed is $2,100.
-Accrued interest expense is $800.
-Revenue collected in advance that is now earned is $3,400.
-Portion of prepaid insurance expired during September is $300.
Instructions:
Calculate the correct net income for Horton's Enterprise for September.

Question

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The Answer of Before month-end adjustments are made, the September 30 trial balance of Horton Enterprise contains revenue of $9,200 and expenses of $6,500. Adjustments are necessary for the following items:
-Depreciation for September is $300.
-Revenue earned but not yet billed is $2,100.
-Accrued interest expense is $800.
-Revenue collected in advance that is now earned is $3,400.
-Portion of prepaid insurance expired during September is $300.
Instructions:
Calculate the correct net income for Horton's Enterprise for September.

Before Month-End Adjustments Are Made, the September 30 Trial Balance