The adjusted trial balances of Anderson Plating Services, Inc., at December 31, 2018, and December 31, 2019,

Question:

The adjusted trial balances of Anderson Plating Services, Inc., at December 31, 2018, and December 31, 2019, include these amounts:

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Analysis of the accounts at December 31, 2019, reveals these transactions for the past 12 months:

Purchases of supplies.......................................................................................$4,500Cash payments for salaries .............................................................................52,300Cash receipts in advance for service revenue.............................................106,400

Requirement

Compute the amount of supplies expense, salaries expense, and service revenue Anderson Plating Services, Inc., will report for the year ended December 31, 2019. Create T-accounts and post the information to solve for the unknown amounts.

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Related Book For  book-img-for-question

Financial Accounting

ISBN: 978-0134727790

5th edition

Authors: Robert Kemp, Jeffrey Waybright

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