Calculate the correct net income for hortons for september

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Reference no: EM13879331

Before month-end adjustments are made, the September 30 trial balance of Horton Enterprise contains revenue of $9,200 and expenses of $6,500. Adjustments are necessary for the following items:

• Depreciation for September is $300.

• Revenue earned but not yet billed is $2,100.

• Accrued interest expense is $800.

• Revenue collected in advance that is now earned is $3,400.

• Portion of prepaid insurance expired during September is $300.

Calculate the correct net income for Horton’s for September.

Net income $

Reference no: EM13879331

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