Stella’s Bakery calculated their net income to be $215,000 b…
Stella’s Bakery calculated their net income to be $215,000 before any adjusting journal entries were recorded. What amount of net income will Stella’s Bakery report after adjusting journal entries are recorded for the following transactions: Depreciated $13,000 for equipment Incurred $37,000 of operating expenses that were not yet paid for.