1. The William Corporation had the following account balances on September 30. Salary expense $4,100 Fees revenue $17,500 Supplies $3,500 Cash $18,500 Rent expense $3,000 Accounts payable $5,500 Common stock $19,500 Prepaid rent $1,500 Dividends $1,700 Supplies expense $4,800 Retained earnings $8,000 Accounts receivable $13,400 Determine the balance in the companys fees revenue account after it is closed at the end of September.

2. During May the Rebecca Corporation recorded credit sales of $400,000. Based on its experience, the company expects to be unable to collect $20,000 of Mays credit sales. On May 31 the Corporations trial balance reported the following balances: accounts receivable = $90,000, allowance for uncollectible accounts = $8,000, cash = $70,000, supplies = $3,200, and accounts payable $27,000. Determine the dollar amount of gross Accounts receivable May 31.

3. Consider the following year-end information found on the Income statement for the Tammi Corporation (alphabetical order): Cost of goods sold $420,000 Income tax expense 80,000 Total Operating expenses 170,000 Other revenues and (expenses) 10,000 Sales revenue 800,000 What amount will Tammi report for operating income?