The unadjusted net income on the income statement was $64,916. After journalizing and posting the adjusting entries for expired insurance during the year of $3,400 and for supplies used during the year of $1,480, the adjusted net income is:

A. $60,036.
B. $69,796.
C. $64,916.
D. $61,516.


Answer: A

Business

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