SlideShare ist ein Scribd-Unternehmen logo
1 von 1
Downloaden Sie, um offline zu lesen
The net income reported on the income statement is $88,648. However, adjusting entries have
not been made at the end of the period for supplies expense of $4,948 and accrued salaries of
$3,447. Determine the net income, as corrected.
$83,700
$88,648
$85,201
$80,253
Solution
Net Profit =88648
Less: Accrued Salaries =3447
Net Profit=$85201
Entry for supplies expense is not required because opening and purchases and closing is already
recording which will take the effect of supplies.

Weitere ähnliche Inhalte

Mehr von kdavid658

Please show ALL work- If written please show with neat handwriting- I.docx
Please show ALL work- If written please show with neat handwriting- I.docxPlease show ALL work- If written please show with neat handwriting- I.docx
Please show ALL work- If written please show with neat handwriting- I.docxkdavid658
 
Please only answer if you know the answer- I have posted this twice an.docx
Please only answer if you know the answer- I have posted this twice an.docxPlease only answer if you know the answer- I have posted this twice an.docx
Please only answer if you know the answer- I have posted this twice an.docxkdavid658
 
Please make comments of the following discussion in 150-200 words-If y.docx
Please make comments of the following discussion in 150-200 words-If y.docxPlease make comments of the following discussion in 150-200 words-If y.docx
Please make comments of the following discussion in 150-200 words-If y.docxkdavid658
 
Please help!! I need to make the instructions for these by manipulatin.docx
Please help!! I need to make the instructions for these by manipulatin.docxPlease help!! I need to make the instructions for these by manipulatin.docx
Please help!! I need to make the instructions for these by manipulatin.docxkdavid658
 
PLEASE HELP! 1- The integrating power of globalization forces managers.docx
PLEASE HELP! 1- The integrating power of globalization forces managers.docxPLEASE HELP! 1- The integrating power of globalization forces managers.docx
PLEASE HELP! 1- The integrating power of globalization forces managers.docxkdavid658
 
please help with answer and explain homo and lumo in terms of acid-bas.docx
please help with answer and explain homo and lumo in terms of acid-bas.docxplease help with answer and explain homo and lumo in terms of acid-bas.docx
please help with answer and explain homo and lumo in terms of acid-bas.docxkdavid658
 
Please help me with this crossword!SolutionAcross- 4-Constitutional Is.docx
Please help me with this crossword!SolutionAcross- 4-Constitutional Is.docxPlease help me with this crossword!SolutionAcross- 4-Constitutional Is.docx
Please help me with this crossword!SolutionAcross- 4-Constitutional Is.docxkdavid658
 
Please Type Answer! Compare and contrast the properties of acids and b.docx
Please Type Answer! Compare and contrast the properties of acids and b.docxPlease Type Answer! Compare and contrast the properties of acids and b.docx
Please Type Answer! Compare and contrast the properties of acids and b.docxkdavid658
 

Mehr von kdavid658 (8)

Please show ALL work- If written please show with neat handwriting- I.docx
Please show ALL work- If written please show with neat handwriting- I.docxPlease show ALL work- If written please show with neat handwriting- I.docx
Please show ALL work- If written please show with neat handwriting- I.docx
 
Please only answer if you know the answer- I have posted this twice an.docx
Please only answer if you know the answer- I have posted this twice an.docxPlease only answer if you know the answer- I have posted this twice an.docx
Please only answer if you know the answer- I have posted this twice an.docx
 
Please make comments of the following discussion in 150-200 words-If y.docx
Please make comments of the following discussion in 150-200 words-If y.docxPlease make comments of the following discussion in 150-200 words-If y.docx
Please make comments of the following discussion in 150-200 words-If y.docx
 
Please help!! I need to make the instructions for these by manipulatin.docx
Please help!! I need to make the instructions for these by manipulatin.docxPlease help!! I need to make the instructions for these by manipulatin.docx
Please help!! I need to make the instructions for these by manipulatin.docx
 
PLEASE HELP! 1- The integrating power of globalization forces managers.docx
PLEASE HELP! 1- The integrating power of globalization forces managers.docxPLEASE HELP! 1- The integrating power of globalization forces managers.docx
PLEASE HELP! 1- The integrating power of globalization forces managers.docx
 
please help with answer and explain homo and lumo in terms of acid-bas.docx
please help with answer and explain homo and lumo in terms of acid-bas.docxplease help with answer and explain homo and lumo in terms of acid-bas.docx
please help with answer and explain homo and lumo in terms of acid-bas.docx
 
Please help me with this crossword!SolutionAcross- 4-Constitutional Is.docx
Please help me with this crossword!SolutionAcross- 4-Constitutional Is.docxPlease help me with this crossword!SolutionAcross- 4-Constitutional Is.docx
Please help me with this crossword!SolutionAcross- 4-Constitutional Is.docx
 
Please Type Answer! Compare and contrast the properties of acids and b.docx
Please Type Answer! Compare and contrast the properties of acids and b.docxPlease Type Answer! Compare and contrast the properties of acids and b.docx
Please Type Answer! Compare and contrast the properties of acids and b.docx
 

Kürzlich hochgeladen

CLASSIFICATION OF ANTI - CANCER DRUGS.pptx
CLASSIFICATION OF ANTI - CANCER DRUGS.pptxCLASSIFICATION OF ANTI - CANCER DRUGS.pptx
CLASSIFICATION OF ANTI - CANCER DRUGS.pptxAnupam32727
 
Man or Manufactured_ Redefining Humanity Through Biopunk Narratives.pptx
Man or Manufactured_ Redefining Humanity Through Biopunk Narratives.pptxMan or Manufactured_ Redefining Humanity Through Biopunk Narratives.pptx
Man or Manufactured_ Redefining Humanity Through Biopunk Narratives.pptxDhatriParmar
 
ClimART Action | eTwinning Project
ClimART Action    |    eTwinning ProjectClimART Action    |    eTwinning Project
ClimART Action | eTwinning Projectjordimapav
 
Satirical Depths - A Study of Gabriel Okara's Poem - 'You Laughed and Laughed...
Satirical Depths - A Study of Gabriel Okara's Poem - 'You Laughed and Laughed...Satirical Depths - A Study of Gabriel Okara's Poem - 'You Laughed and Laughed...
Satirical Depths - A Study of Gabriel Okara's Poem - 'You Laughed and Laughed...HetalPathak10
 
4.11.24 Poverty and Inequality in America.pptx
4.11.24 Poverty and Inequality in America.pptx4.11.24 Poverty and Inequality in America.pptx
4.11.24 Poverty and Inequality in America.pptxmary850239
 
6 ways Samsung’s Interactive Display powered by Android changes the classroom
6 ways Samsung’s Interactive Display powered by Android changes the classroom6 ways Samsung’s Interactive Display powered by Android changes the classroom
6 ways Samsung’s Interactive Display powered by Android changes the classroomSamsung Business USA
 
Team Lead Succeed – Helping you and your team achieve high-performance teamwo...
Team Lead Succeed – Helping you and your team achieve high-performance teamwo...Team Lead Succeed – Helping you and your team achieve high-performance teamwo...
Team Lead Succeed – Helping you and your team achieve high-performance teamwo...Association for Project Management
 
DBMSArchitecture_QueryProcessingandOptimization.pdf
DBMSArchitecture_QueryProcessingandOptimization.pdfDBMSArchitecture_QueryProcessingandOptimization.pdf
DBMSArchitecture_QueryProcessingandOptimization.pdfChristalin Nelson
 
Q-Factor General Quiz-7th April 2024, Quiz Club NITW
Q-Factor General Quiz-7th April 2024, Quiz Club NITWQ-Factor General Quiz-7th April 2024, Quiz Club NITW
Q-Factor General Quiz-7th April 2024, Quiz Club NITWQuiz Club NITW
 
Indexing Structures in Database Management system.pdf
Indexing Structures in Database Management system.pdfIndexing Structures in Database Management system.pdf
Indexing Structures in Database Management system.pdfChristalin Nelson
 
Unraveling Hypertext_ Analyzing Postmodern Elements in Literature.pptx
Unraveling Hypertext_ Analyzing  Postmodern Elements in  Literature.pptxUnraveling Hypertext_ Analyzing  Postmodern Elements in  Literature.pptx
Unraveling Hypertext_ Analyzing Postmodern Elements in Literature.pptxDhatriParmar
 
Decoding the Tweet _ Practical Criticism in the Age of Hashtag.pptx
Decoding the Tweet _ Practical Criticism in the Age of Hashtag.pptxDecoding the Tweet _ Practical Criticism in the Age of Hashtag.pptx
Decoding the Tweet _ Practical Criticism in the Age of Hashtag.pptxDhatriParmar
 
Objectives n learning outcoms - MD 20240404.pptx
Objectives n learning outcoms - MD 20240404.pptxObjectives n learning outcoms - MD 20240404.pptx
Objectives n learning outcoms - MD 20240404.pptxMadhavi Dharankar
 
Sulphonamides, mechanisms and their uses
Sulphonamides, mechanisms and their usesSulphonamides, mechanisms and their uses
Sulphonamides, mechanisms and their usesVijayaLaxmi84
 
An Overview of the Calendar App in Odoo 17 ERP
An Overview of the Calendar App in Odoo 17 ERPAn Overview of the Calendar App in Odoo 17 ERP
An Overview of the Calendar App in Odoo 17 ERPCeline George
 
Narcotic and Non Narcotic Analgesic..pdf
Narcotic and Non Narcotic Analgesic..pdfNarcotic and Non Narcotic Analgesic..pdf
Narcotic and Non Narcotic Analgesic..pdfPrerana Jadhav
 
How to Uninstall a Module in Odoo 17 Using Command Line
How to Uninstall a Module in Odoo 17 Using Command LineHow to Uninstall a Module in Odoo 17 Using Command Line
How to Uninstall a Module in Odoo 17 Using Command LineCeline George
 

Kürzlich hochgeladen (20)

CLASSIFICATION OF ANTI - CANCER DRUGS.pptx
CLASSIFICATION OF ANTI - CANCER DRUGS.pptxCLASSIFICATION OF ANTI - CANCER DRUGS.pptx
CLASSIFICATION OF ANTI - CANCER DRUGS.pptx
 
Mattingly "AI & Prompt Design" - Introduction to Machine Learning"
Mattingly "AI & Prompt Design" - Introduction to Machine Learning"Mattingly "AI & Prompt Design" - Introduction to Machine Learning"
Mattingly "AI & Prompt Design" - Introduction to Machine Learning"
 
Man or Manufactured_ Redefining Humanity Through Biopunk Narratives.pptx
Man or Manufactured_ Redefining Humanity Through Biopunk Narratives.pptxMan or Manufactured_ Redefining Humanity Through Biopunk Narratives.pptx
Man or Manufactured_ Redefining Humanity Through Biopunk Narratives.pptx
 
ClimART Action | eTwinning Project
ClimART Action    |    eTwinning ProjectClimART Action    |    eTwinning Project
ClimART Action | eTwinning Project
 
Satirical Depths - A Study of Gabriel Okara's Poem - 'You Laughed and Laughed...
Satirical Depths - A Study of Gabriel Okara's Poem - 'You Laughed and Laughed...Satirical Depths - A Study of Gabriel Okara's Poem - 'You Laughed and Laughed...
Satirical Depths - A Study of Gabriel Okara's Poem - 'You Laughed and Laughed...
 
Plagiarism,forms,understand about plagiarism,avoid plagiarism,key significanc...
Plagiarism,forms,understand about plagiarism,avoid plagiarism,key significanc...Plagiarism,forms,understand about plagiarism,avoid plagiarism,key significanc...
Plagiarism,forms,understand about plagiarism,avoid plagiarism,key significanc...
 
4.11.24 Poverty and Inequality in America.pptx
4.11.24 Poverty and Inequality in America.pptx4.11.24 Poverty and Inequality in America.pptx
4.11.24 Poverty and Inequality in America.pptx
 
6 ways Samsung’s Interactive Display powered by Android changes the classroom
6 ways Samsung’s Interactive Display powered by Android changes the classroom6 ways Samsung’s Interactive Display powered by Android changes the classroom
6 ways Samsung’s Interactive Display powered by Android changes the classroom
 
Team Lead Succeed – Helping you and your team achieve high-performance teamwo...
Team Lead Succeed – Helping you and your team achieve high-performance teamwo...Team Lead Succeed – Helping you and your team achieve high-performance teamwo...
Team Lead Succeed – Helping you and your team achieve high-performance teamwo...
 
DBMSArchitecture_QueryProcessingandOptimization.pdf
DBMSArchitecture_QueryProcessingandOptimization.pdfDBMSArchitecture_QueryProcessingandOptimization.pdf
DBMSArchitecture_QueryProcessingandOptimization.pdf
 
Q-Factor General Quiz-7th April 2024, Quiz Club NITW
Q-Factor General Quiz-7th April 2024, Quiz Club NITWQ-Factor General Quiz-7th April 2024, Quiz Club NITW
Q-Factor General Quiz-7th April 2024, Quiz Club NITW
 
Indexing Structures in Database Management system.pdf
Indexing Structures in Database Management system.pdfIndexing Structures in Database Management system.pdf
Indexing Structures in Database Management system.pdf
 
Unraveling Hypertext_ Analyzing Postmodern Elements in Literature.pptx
Unraveling Hypertext_ Analyzing  Postmodern Elements in  Literature.pptxUnraveling Hypertext_ Analyzing  Postmodern Elements in  Literature.pptx
Unraveling Hypertext_ Analyzing Postmodern Elements in Literature.pptx
 
Decoding the Tweet _ Practical Criticism in the Age of Hashtag.pptx
Decoding the Tweet _ Practical Criticism in the Age of Hashtag.pptxDecoding the Tweet _ Practical Criticism in the Age of Hashtag.pptx
Decoding the Tweet _ Practical Criticism in the Age of Hashtag.pptx
 
Paradigm shift in nursing research by RS MEHTA
Paradigm shift in nursing research by RS MEHTAParadigm shift in nursing research by RS MEHTA
Paradigm shift in nursing research by RS MEHTA
 
Objectives n learning outcoms - MD 20240404.pptx
Objectives n learning outcoms - MD 20240404.pptxObjectives n learning outcoms - MD 20240404.pptx
Objectives n learning outcoms - MD 20240404.pptx
 
Sulphonamides, mechanisms and their uses
Sulphonamides, mechanisms and their usesSulphonamides, mechanisms and their uses
Sulphonamides, mechanisms and their uses
 
An Overview of the Calendar App in Odoo 17 ERP
An Overview of the Calendar App in Odoo 17 ERPAn Overview of the Calendar App in Odoo 17 ERP
An Overview of the Calendar App in Odoo 17 ERP
 
Narcotic and Non Narcotic Analgesic..pdf
Narcotic and Non Narcotic Analgesic..pdfNarcotic and Non Narcotic Analgesic..pdf
Narcotic and Non Narcotic Analgesic..pdf
 
How to Uninstall a Module in Odoo 17 Using Command Line
How to Uninstall a Module in Odoo 17 Using Command LineHow to Uninstall a Module in Odoo 17 Using Command Line
How to Uninstall a Module in Odoo 17 Using Command Line
 

The net income reported on the income statement is $88-648- However- a.docx

  • 1. The net income reported on the income statement is $88,648. However, adjusting entries have not been made at the end of the period for supplies expense of $4,948 and accrued salaries of $3,447. Determine the net income, as corrected. $83,700 $88,648 $85,201 $80,253 Solution Net Profit =88648 Less: Accrued Salaries =3447 Net Profit=$85201 Entry for supplies expense is not required because opening and purchases and closing is already recording which will take the effect of supplies.