Before making month-end adjustments, net income of Cardinal Company was $116,000 for March. Adjusting entries are necessary for the following items: -Depreciation for the month of March: $2,300.
-Interest income accrued to March 31, on deposits in banks: $800.
-Supplies used in March: $100.
-Fees earned in March that had been collected in advance: $2,600.
After recording these adjustments, net income for March is:
A) $112,400.
B) $113,620.
C) $117,000.
D) $110,800.

Question

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The Answer of Before making month-end adjustments, net income of Cardinal Company was $116,000 for March. Adjusting entries are necessary for the following items: -Depreciation for the month of March: $2,300.
-Interest income accrued to March 31, on deposits in banks: $800.
-Supplies used in March: $100.
-Fees earned in March that had been collected in advance: $2,600.
After recording these adjustments, net income for March is:
A) $112,400.
B) $113,620.
C) $117,000.
D) $110,800.

Before Making Month-End Adjustments, Net Income of Cardinal Company Was