Rio Tinto is a British-Australian multinational metals and mining corporation with headquarters in London and a management office in Melbourne, Australia. Assume that the following amounts have not been recorded.

Use the financial statement effects template to record the following transactions for Rio Tinto for fiscal 2012.

a. Sales revenue. Assume that \(100 \%\) of the company's revenue are credit sales (that is, sales are on accounts receivable).

b. Depreciation expense.

c. Income taxes paid. Assume that this represents the portion of income tax expense paid in cash.

Transcribed Image Text:

Sales revenue.. Depreciation expense. Income taxes paid. 50,967 4,441 5,823