A company had calculated net income to be 77550 based on

Reference no: EM13600052

A company had calculated net income to be $77,550 based on the unadjusted trial balance. The following adjusting journal entries were then made: Salaries payable of $790 was recorded; Interest earned but not received from investments $750; Prepaid insurance decreased by $550 for insurance used up during the period; $750 of unearned revenue that has now been earned. After recording these adjustments, what is the net income?

Reference no: EM13600052

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