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Determine after recording the adjustments the net income

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Problem 1: Before making any year-end adjustments, the net income of McCabe Company was $60 000. However, the following adjustments were necessary: office supplies used $1 200, services performed for clients but not yet recorded or collected for $900, interest accrued on note payable $500. After recording these adjustments the net income would be:

a)$57 300

b) $59 200

c) $58 800

d) $59 700

Reference no: EM132477621

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