As of March 30, the trial balance for Maharishi Corporation…
As of March 30, the trial balance for Maharishi Corporation shows revenue of $35,000, and expenses of $9,100. On March 31st the adjusting (transactions) entries for $400 depreciation and $8,200 income taxes for the month of March are made, and dividends of $2,500 are declared and paid. Compute net income for the month of March. Please make sure to enter your answer in the correct format. Review the formatting guidance in the instructions to this exam if necessary.