A. The records for Jay Inc. showed the following for 2019: Jan 1 Dec 31 Accrued expenses .................................... $2,000 $3,600 Prepaid expenses .................................... 900 800
A. The records for Jay Inc. showed the following for 2019: Jan 1 Dec 31 Accrued expenses .................................... $2,000 $3,600 Prepaid expenses .................................... 900 800 Cash paid during the year for expenses ... $55,000 Required 2 Calculate the total amount of expenses that should be reported on the 2019 statement of comprehensive income. B. The records for Oriole Corp. showed the following for 2019: Jan 1 Dec 31 Unearned revenue ................................... $3,000 $3,400 Accrued revenue ...................................... 1,400 1,100 Cash collected during the year from revenue $85,000 Required Show the calculation of the amount of revenue that should be reported on the 2019 statement of comprehensive income. C. Sales salaries paid during 2019 were $90,000. Advances to salesmen were $1,300 on January 1, 2019, and $800 on December 31, 2019. Sales salaries payable were $1,300 on January 1, 2019, and $1,400 on December 31, 2019. Required Calculate the Sales Salaries Expense for calendar 2019.
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