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Astrid Transportation Inc., headquartered in Atlanta, Georgia, uses accrual-basis accounting and engaged in the following transactions: billed customers $2,375,540 for transportation services collected cash from
Astrid Transportation Inc., headquartered in Atlanta, Georgia, uses accrual-basis accounting and engaged in the following transactions: billed customers $2,375,540 for transportation services collected cash from customers in the amount of $1,381,975 purchased fuel supplies for $1,333,800 cash used fuel supplies that cost $1,304,670 employees earned salaries of $300,500 paid employees $280,300 cash for salaries Required: Determine the amount of sales revenue and total expenses for Astrid's income statement. Sales Revenue $ Total Expenses $
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