Answered

Westonci.ca makes finding answers easy, with a community of experts ready to provide you with the information you seek. Join our platform to connect with experts ready to provide accurate answers to your questions in various fields. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.

The unadjusted net income statement was $46850. After journalizing and posting the adjusted entry for the $2300 of dupplies used during the year, the adjusted net income is

Sagot :

Parrain

Answer: $44,550

Step-by-step explanation:

Supplies used during the period are treated as expenses to the business so have to be deducted from net income.

If the supplies for the year was $2,300, the net income would be adjusted as follows:

= 46,850 - 2,300

= $44,550

We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. Discover more at Westonci.ca. Return for the latest expert answers and updates on various topics.