The net income of Adventure Travel using its Adjusted Trial Balance for Year Ended December 31, 20XX, is $14,640
What is net income?
The net income is the excess of fees earned by Adventure Travel in the year ended over its total expenses, in essence, we need to determine its total expenses first and foremost, which comprises of salaries expense, rent expense, depreciation expense, advertising expense and office supplies expense
total expense=32,800+16,800++3960+4000+2800
total expenses=60,360
fees earned=75,000
net income =fees earned-total expenses
net income=75,000-60,360
net income=$14,640
Find out more about net income on:brainly.com/question/1347024
#SPJ1
