JB Company has a net income of 100,000 for the year before adjusting entries, If...
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Accounting
JB Company has a net income of 100,000 for the year before adjusting entries, If the following adjustments are necessary what amount will JB report for net income?
- office supplies used, $1,000
- Service performed for client but not recorded, $2,000
- Interest accrued on a note payable $7,000
- Insurance expired, $3,000
- two thirds of a $6,000 cash advance for future services was earned during the year.
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