Question
The current year and prior-year balance sheet of NCA show the following account balance: current year prior year Supplies $4000 $6500 Unearned Revenue $8400 $8000
The current year and prior-year balance sheet of NCA show the following account balance:
| current year | prior year | |
|---|---|---|
| Supplies | $4000 | $6500 |
| Unearned Revenue | $8400 | $8000 |
During the current year, NCA $13300 of supplies expense and received $8700 of cash for services to be performed later.
Required: Using the ledger accounts, determine NCA's supplies expense and service revenue for the current year.
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Auditing And EDP Objective Questions And Explanations
Authors: Irvin N Gleim, William A. Hillison
4th Edition
0917537432, 978-0917537431
