The adjusted trial balances of Superior International, Inc., at August 31, 2012, and August 31, 2011, include
Question:
Analysis of the accounts at August 31, 2012, reveals the following transactions for the fiscal year ending in 2012:
Cash payments for supplies . . . . . . . . . . . . . . . . $ 6,100
Cash payments for salaries . . . . . . . . . . . . . . . . . 47,300
Cash receipts in advance for service revenue . . . . 83,200
Requirement
1. Compute the amount of Supplies expense, Salary expense, and Service revenue to report on the Superior International income statement for 2012.
Note: Exercise 3-24 should be used only in conjunction with Exercise3-19.
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Related Book For
Financial and Managerial Accounting
ISBN: 978-0132497978
3rd Edition
Authors: Horngren, Harrison, Oliver
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