Before making its year-end adjustments the net income for, Ask an Expert

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Before making its year-end adjustments, the net income for Barton Company was $98,000. Adjusting entries are necessary for the following items:

1. Salaries owed to employees at year-end but still unpaid amount to $4,000

2. Interest accrued to December 31 on deposits in the bank totaled $7,000

3. Revenues earned in December that were collected in advance totaled $2,800.Calculate Barton Company's net income for the year after the necessary adjustments are made

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9973454

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