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Accounting 101 Before month-end adjustments are made, the February 28 trial balance...

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Accounting

Accounting 101

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Before month-end adjustments are made, the February 28 trial balance of Pina Colada's Enterprise contains revenue of $10,560 and expenses of $8,010. Adjustments are necessary for the following items: - Depreciation for February is $1,440. - Revenue earned but not yet billed is $2,464. - Accrued interest expense is $810. - Revenue collected in advance that is now recognized is $2,900. - Portion of prepaid insurance expired during February is $490. Calculate the correct net income for Pina Colada's Enterprise for the month of February. Net income $

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