Before month-end adjustments are made, the January 31 trial balance of Rover Excursions contains revenue of $27,900 and expenses of $17,340. Adjustments are necessary for the following items:
$\bullet$ Portion of prepaid rent applicable to January: $2,700.
$\bullet$ Depreciation for January: $1,440.
$\bullet$ Portion of fees collected in advance earned in January: $3,300.
$\bullet$ Fees earned in January; not yet billed to customers: $1,950.
Net income for January is:

Question

Before month-end adjustments are made, the January 31 trial balance of Rover Excursions contains revenue of $27,900 and expenses of $17,340. Adjustments are necessary for the following items: 
$\bullet$ Portion of prepaid rent applicable to January: $2,700.
$\bullet$ Depreciation for January: $1,440.
$\bullet$ Portion of fees collected in advance earned in January: $3,300.
$\bullet$ Fees earned in January; not yet billed to customers: $1,950.
Net income for January is:

Quizplus · Accepted Answer

The Answer of Before month-end adjustments are made, the January 31 trial balance of Rover Excursions contains revenue of $27,900 and expenses of $17,340. Adjustments are necessary for the following items: 
$\bullet$ Portion of prepaid rent applicable to January: $2,700.
$\bullet$ Depreciation for January: $1,440.
$\bullet$ Portion of fees collected in advance earned in January: $3,300.
$\bullet$ Fees earned in January; not yet billed to customers: $1,950.
Net income for January is:

Before Month-End Adjustments Are Made, the January 31 Trial Balance ∙\bullet∙

Before Month-End Adjustments Are Made, the January 31 Trial Balance $\bullet$