Before month-end adjustments are made, the February 28 trial balance of Pronghorns Enterprise contains revenue...
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Accounting
Before month-end adjustments are made, the February 28 trial balance of Pronghorns Enterprise contains revenue of $11,220 and expenses of $9,790. Adjustments are necessary for the following items:
Depreciation for February is $1,272. Revenue earned but not yet billed is $3,304. Accrued interest expense is $954. Revenue collected in advance that is now recognized is $2,300. Portion of prepaid insurance expired during February is $460. Calculate the correct net income for Pronghorn's Enterprise for the month of February.
Net income $enter the net income in dollars
Depreciation for February is $1,272.
Revenue earned but not yet billed is $3,304.
Accrued interest expense is $954.
Revenue collected in advance that is now recognized is $2,300.
Portion of prepaid insurance expired during February is $460.
Calculate the correct net income for Pronghorn's Enterprise for the month of February.
| Net income | $enter the net income in dollars |
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