The unadjusted net income on the income statement was $41,800. After journalizing and posting the adjusting entry for the $600 of prepaid advertising that expired and $1,600 in supplies used during the year, the adjusted net income is:
A)$41,800.
B)$39,600.
C)$40,200.
D)$41,200.

Question

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The Answer of The unadjusted net income on the income statement was $41,800. After journalizing and posting the adjusting entry for the $600 of prepaid advertising that expired and $1,600 in supplies used during the year, the adjusted net income is:
A)$41,800.
B)$39,600.
C)$40,200.
D)$41,200.

The Unadjusted Net Income on the Income Statement Was $41,800