The adjusted trial balances of Superior International at August 31, 2012, and
August 31, 2011, include the following amounts:
2012 | 2011 | |
Supplies . . . . . . . . . . . . . . . . . . Salary payable . . . . . . . . . . . . . Unearned service revenue . . . . . | $ 2,400 2,500 12,100 | $ 1,200 4,100 17,100 |
Analysis of the accounts at August 31, 2012, reveals the following transactions for
the fiscal year ending in 2012:
Requirement
1. Compute the amount of Supplies expense, Salary expense, and Service revenue
to report on the Superior International income statement for 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.
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