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7 Need 500% perfect answer asap(in 20 minutes) I promise i will rate positive if answer is correct. The adjusted trial balances of Victory Corporation
7 Need 500% perfect answer asap(in 20 minutes) I promise i will rate positive if answer is correct.
The adjusted trial balances of Victory Corporation at August 31, 2021, and August 31, 2020, include these amounts (in millions): EEE (Click the icon to view the trial balance amounts.) The sales revenue (in millions) for the year ended August 31, 2021 = The insurance expense (in millions) for the year ended August 31, 2021 = The other operating expense (in millions) for the year ended August 31, 2021 is = Trial balance amounts 2021 2020 Accounts receivable $ 500 $ 220 490 Prepaid insurance 380 Accrued liabilities payable (for other operating expenses) -730 600 Print Done Victory Corporation complete these transactions (in millions) during the year ended August 31, 2021. (Click the icon to view the transactions.) Read the requirement. - X Requirement 1. Calculate the amount of sales revenue, insurance expense, and other operating expenses to report on the income statement for the year ended August 31, 2021. Assume all sales are on account. Print Done Collections from customers Payment of prepaid insurance Cash payments for other operating expenses Print Done $ 20,800 400 4,400 Time Remaining: 01:38:43 NexStep by Step Solution
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