Business, 19.03.2021 01:10 hannah5143

Before any month-end adjustments are made, the net income of Russell Company is $38,000. However, the following adjustments are necessary: office supplies used, $3,160; services performed for clients but not yet recorded or collected, $3,040; interest accrued on a note payable to bank, $3,640. After adjusting entries are made for the items listed above, Russell Company's net income would be:

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Before any month-end adjustments are made, the net income of Russell Company is $38,000. However, th...