Question

The adjusted trial balances of CAS, Inc. at March 31, 2013, and March 31, 2014, include these amounts:
Analysis of the accounts at March 31, 2014, reveals these transactions for 2014:
Purchases of supplies ............. $9,000
Cash payments for salaries ........... 55,500
Cash receipts in advance for service revenue .. 58,000
Requirement
Compute the amount of supplies expense, salary expense, and service revenue CAS, Inc. will report for the year ended March 31, 2014. Solve by making T-accounts and posting the information to solve for the unknown amounts.


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  • CreatedJuly 08, 2015
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