The pre-adjustment net income for a company is $600,000. However, adjusting entries have not been made at the end of the period for accrued revenues of $16,200 and accrued expenses of $7,800. The correctly adjusted Net Income should be:

Question

Quizplus · Accepted Answer

Pre-adjustment net income + Accrued revenue - Accrued expenses = Adjusted Net Income
$600,000 + $16,200 - $7,800 = X
X= $608,400

The Pre-Adjustment Net Income for a Company Is $600,000