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Question 2 (15 minutes, 9 marks) The adjusted trial balance of Ironstone Inc. for September 30, 2018 and September 30, 2019 include these amounts: Receivables

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Question 2 (15 minutes, 9 marks) The adjusted trial balance of Ironstone Inc. for September 30, 2018 and September 30, 2019 include these amounts: Receivables Supplies Salaries Payable 2019 12,000 6,500 2,300 2018 15,000 4.800 2.900 Ironstone completed these transactions during the year ended September 30, 2019 Collections from customers Payment for supplies Cash payments for salaries 125,000 4,000 52,500 REQUIRED: Determine the following amounts reported on the September 30, 2019 Income Statement: Sales Revenue Supplies Expense Salaries Expense Space for calculations: Page 4 of 11

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