Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello

Exercise 33

Before month-end adjustments are made, the January 31 trial balance of Rover Excursions contains revenue of $27,900 and expenses of $17,340.djustments are necessary for the following items:
Portion of prepaid rent applicable to January, $2,700
Depreciation for January, $1,440
Portion of fees collected in advance earned in January, $3,300
Fees earned in January, not yet billed to customers, $1,950
Net income for January is:
a.10,560.
b.17,070.
c.7,770.
d.ome other amount.