Question
The company has a balance of $800 at the beginning of the year. The amount on hand at the end of the year is $600.
| The company has a balance of $800 at the beginning of the year. The amount on hand at the end of the year is $600. The company has calculated the Expense for the year to be $3,500. Based on this information, what amount of office supplies was purchased during the year? ___________________
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During 2012, Sigma Company earned service revenues amounting to $700,000, of which $630,000 was collected in cash; the balance will be collected in January 2013. The 2012 income statement of the company should report the following amount for service revenues ______________________________
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Jon Company rendered services to customers amounting to $20,000 during 2012; the related cash was collected as follows: $16,000 in 2012; $4,000 in 2013. During 2012, $8,000 was incurred (and matched against 2012 revenue) for wages expense; the related cash payments were made as follows: $6,000 in 2012; in 2013 $2,000. Based only on these data, provide the following amounts:
Revenue to be recognized 2012: ____________________
Revenue to be recognized for 213: __________________
Expense to be recognized 2012: ____________________
Expense to be recognized for 2013: _________________
Wages payable to be recognized for 2012: __________________
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