The adjusted trial balances of Pacific Services at December 31, 2014, and December 31, 2013, include these
Question:
The adjusted trial balances of Pacific Services at December 31, 2014, and December 31, 2013, include these amounts:
2014 2013
Supplies.......................... $ 4,000.................. $ 2,000
Salaries payable ....................5,000.................... 8,000
Unearned service revenue....... 26,000 .................. 32,000
Analysis of the accounts at December 31, 2014, reveals these transactions for 2014:
Cash payment for supplies .............................$ 12,000
Cash payment for salaries................................ 94,000
Cash receipts in advance for service revenue......... 160,000
Compute the amount of supplies expense, salaries expense, and service revenue to report on the Pacific Services income statement for 2014.
Step by Step Answer:
Accounting Volume 1
ISBN: 978-0132690096
9th Canadian edition
Authors: Charles T. Horngren, Walter T. Harrison, Jo Ann L. Johnston, Carol A. Meissner, Peter R. Norwood