Question

T & T Towing Service, Inc. earns service revenue by towing vehicles for CAA. T & T Towing Service’s main expenses are the salaries paid to its employees. Account for the following transactions in the expanded accounting equation:
a. T & T Towing Service, Inc. earned $14,000 of service revenue on account.
b. T & T Towing Service, Inc. paid $8,000 in salaries expense.


$1.99
Sales0
Views117
Comments0
  • CreatedJuly 08, 2015
  • Files Included
Post your question
5000