The adjusted trial balances of XYZ, Inc., at August 31, 2012, and August 31, 2013, include these amounts:

Analysis of the accounts at August 31, 2013, reveals these transactions for the past twelve months:
Purchases of supplies........................................................................................... $ 6,500
Cash payments for salaries................................................................................... 59,800
Cash receipts in advance for service revenue........................................................ 66,400

Requirement
Compute the amount of supplies expense, salaries expense, and service revenue XYZ, Inc., will report for the year ended August 31, 2013. Solve by making T-accounts and posting the information to solve for the unknownamounts.

Transcribed Image Text:

2012 2013 Supplies Salaries Payable Unearned Service Revenue 4,000 $1,500 1,700 4,400 17,000 9,900