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Before Making Month-End Adjustments,net Income of Bobwhite Company Was $232,000

Question 106

Multiple Choice

Before making month-end adjustments,net income of Bobwhite Company was $232,000 for March.Adjusting entries are necessary for the following items: -Depreciation for the month of March: $4,300.
-Rental income accrued during March,tenant to pay in April: $900.
-Supplies used in March: $300.
-Fees earned in March that had been collected in advance: $3,600.
After recording these adjustments,net income for March is:


A) $222,900.
B) $227,700.
C) $231,900.
D) $235,600.

Correct Answer:

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