Cruits,Inc.prepared the following income statement before adjustments:

Required:
Determine the net income or loss after adjustment given the following additional information for the month of September:
a.Salaries earned but unrecorded and unpaid equals $1,000.
b.Depreciation for the month should be an additional $2,000.
c.Customer work completed,but not yet billed or collected equals $4,000.

Question

Cruits,Inc.prepared the following income statement before adjustments:
 
Required:
Determine the net income or loss after adjustment given the following additional information for the month of September:
a.Salaries earned but unrecorded and unpaid equals $1,000.
b.Depreciation for the month should be an additional $2,000.
c.Customer work completed,but not yet billed or collected equals $4,000.

Quizplus · Accepted Answer

The Answer of Cruits,Inc.prepared the following income statement before adjustments:
 
Required:
Determine the net income or loss after adjustment given the following additional information for the month of September:
a.Salaries earned but unrecorded and unpaid equals $1,000.
b.Depreciation for the month should be an additional $2,000.
c.Customer work completed,but not yet billed or collected equals $4,000.

Cruits,Inc.prepared the Following Income Statement Before Adjustments